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> As an American citizen, I'm still subject to federal income tax, even on income earned while I'm residing outside the country, for work done entirely outside
by genericpseudo 9y ago
> As an American citizen, I'm still subject to federal income tax, even on income earned while I'm residing outside the country, for work done entirely outside the country, for a non-American employer.
This is a really unusual part of the US tax code.
- zhengyi13 9y agoICBW but I believe this applies only to income earned over a certain dollar amount - 80K USD, last I looked, and only at the rate of the delta, if that makes sense. Oh hey, it's over $100K now: https://en.wikipedia.org/wiki/Foreign_earned_income_exclusion https://en.wikipedia.org/wiki/Foreign_earned_income_exclusio...
- Alexqw85 9y agoPlease note that number is in USD. I personally have no problem staying under $100k; I live in Germany and work at a university. But imagine if you lived in Switzerland or Norway. Somewhere with a high cost of living and with a currency that is very strong vs the USD. Then it doesn't take much to go over that 100k. And even though I don't have to pay US federal taxes (being under that $100k), I still have have the file state taxes, federal taxes, and an FBAR. Every single year. The time and effort is an annoyance, but what bothers me most is the principal. I don't live in the US; I don't use its services; and still, every year, I have to allocate a weekend to provide them with every single detail of my financial life. ---Alex
- Pokepokalypse 9y agoyes. It is very strange that the anti-tax zealots have focussed on this one weird issue, when 99% of them will never, and probably COULD never be affected by it.