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Now he'll never get rid of US taxes.
by ciupicri 16y ago
Now he'll never get rid of US taxes.
- keltex 16y agoYep. U.S. citizens get the benefit of their worldwide income being taxed.
- ephesus 16y agoOnly income above the equivalent of $80,000.
- _delirium 16y agoIt's now up to $91,400 (http://www.irs.gov/businesses/small/international/article/0,,id=97130,00.html http://www.irs.gov/businesses/small/international/article/0,...). Plus if your income is in, say, Europe, it's effectively all excluded, because you can offset the European taxes (which are usually higher) one-for-one against U.S. taxes, ending up owing nothing.
- tlrobinson 16y agoProbably better for him if he doesn't have to pay taxes to Finland, since they're much higher.
- pavlov 16y agoHe doesn't pay taxes to Finland because he's not living in Finland. (Only certain countries like the USA tax their non-resident citizens.)
- eru 16y agoIf you are a citizen of a country with a territorial tax system, but make your money in the US. Who taxes your income?
- smallblacksun 16y agoThe US taxes income made in the US, or by US citizens outside the US.