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> What's even worse, US citizens (US "persons" even, you don't have to be a citizen for this) that live and work abroad and have nothing to do with the US, stil
by koolba 7y ago
> What's even worse, US citizens (US "persons" even, you don't have to be a citizen for this) that live and work abroad and have nothing to do with the US, still have to pay their taxes there.
That’s the price you pay to have the most powerful country in the world as a destination to which you can always retreat.
- afthonos 7y agoDoesn’t change the fact that US corporations aren’t so bound.
- lovich 7y agoIf that was a justification then why aren't corporation's paying that price?
- sgc 7y agoWe are aware that is the price you have to pay. However "The United States is one of just two countries (the other being the African nation of Eritrea) that taxes individuals’ based on their citizenship".[1] That should at least give you pause to ask why, whether it is fair, and most importantly, if there is not a better solution to whatever problem this policy attempts to solve. [1] https://taxfoundation.org/how-countries-define-their-income-tax-borders-0/ https://taxfoundation.org/how-countries-define-their-income-...
- deleted 7y ago[deleted]
- AnIdiotOnTheNet 7y agoIt is also worth noting that expats can exclude something like $100k from taxes with the Foreign Earned Income Exclusion. My understanding is that relatively few US expats actually pay anything.
- mcv 7y agoFrom what I understand, they usually don't have to pay anything as long as they do pay some reasonable amount of taxes in the country where they live, but they still have to file taxes in the US, which, from what I understand, is quite a horrific process.