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>The US is the only country that taxes worldwide income. Technically no, so does Eritrea tax non-resident citizens on their worldwide income. And it's frankly
by cr1895 9y ago
>The US is the only country that taxes worldwide income.
Technically no, so does Eritrea tax non-resident citizens on their worldwide income.
And it's frankly hard to make sense of the rest of your comment.
It's difficult (or impossible?) as you say for an American citizen to basically be a perpetual tourist, not actually residing anywhere?
>to pay a crazy US rate instead of the far more reasonable 13% in russia.
>All the comments about scandi countries assume people actually declare income without using many more legal strategies available there compared with the US.
Well, yes, I am assuming that people generally don't try to live as a perpetual tourist and skirt tax burdens by not actually living anywhere.
>The effective tax situation for wealthy US citizens is actually much worse, it is just obfuscated by the headline number.
Still eager to see this proved.
- sergefaguet 9y agothe point is a US citizen who is a perpetual tourist still must pay US taxes. as a non-US citizen i can live in the US for many years and keep accruing income/assets into a trust + take loans against said income/assets to fund expenses. then one year when i happen to be a perpetual tourist i distribute all of that from the trust to myself. zero taxes.