3 ms·

Won't you have to pay taxes twice if you're from USA though?

• gumby 9y ago
  No, you deduct the taxes paid in your place of residence from what you pay in the US. Since taxes are lower in the US than in most developed countries you end up owing the US nothing -- but you still have to file. Of course, though your taxes may be higher, other expenses may be lower (e.g. telecoms, health care, housing) so you'll probably end up with more in your pocket.
  • walshemj 9y ago
    wel the IRS can come after you for property tax as Boris Johnson a dual national (who has never lived in the US) - when his mum died recently the IRS sent him a huge tax bill related to her home.
  • jdhn 9y ago
    This is correct, up to a point. Once you pass the threshold of around $90k, you can no longer write the income tax you pay on your foreign income off. For example, if you make the equivalent of $100k in Europe, you can write off the income tax on the first $90k. However, you then have to pay US income tax on that remaining $10k.
• deleted 9y ago
  [deleted]