4 ms·
You get a pretty high exemption for salary earned abroad if you paid local taxes on it and the country has a tax agreement with the US, which most do. You're st
by prewett 6y ago
You get a pretty high exemption for salary earned abroad if you paid local taxes on it and the country has a tax agreement with the US, which most do. You're still taxed on income earned within the US normally, but it seems reasonable that if you earned income from rent from a US property, or received dividends from a US company, that you should pay taxes on it even if you are not in the country.
- eatmyshorts 6y agoYou are taxed on income you make abroad, even if you never set foot in the country. I'm not talking about capital gains. I'm talking about income. Yes, up to a certain amount, you can deduct dollar-for-dollar taxes paid in the foreign country, but you are still taxed on that income. It's the only country in the world that does this. Because of this, among other bits, I do not think it is reasonable.