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Yes, this is exactly what the US does with US citizens: they pay the maximum of the US income taxes and the residence country income taxes.
by asteroidbelt 5y ago
Yes, this is exactly what the US does with US citizens: they pay the maximum of the US income taxes and the residence country income taxes.
- heavyset_go 5y ago> they pay the maximum of the US income taxes and the residence country income taxes. The IRS collects on income over $108k/year, and income over that amount is taxed at that bracket and higher. Foreign Tax Credit also prevents double dipping by the IRS.