3 ms·
Are you a US citizen? Don't you get double-taxed on foreign earnings?
by secondcoming 5y ago
Are you a US citizen? Don't you get double-taxed on foreign earnings?
- Macha 5y agoMany countries (and certainly Italy) have a taxation treaty with the US. To my understanding, you basically write off your foreign tax against your US tax and so only have to pay US tax if the foreign tax is less than the US (which in Italy, probably not).
- city41 5y agoAnd to add to this, there are other things like the Foreign Earned Income Exclusion which for most people boils down to about a $100k tax credit.
- randomopining 5y agoHe's just hopping around on a tourist visa
- JSavageOne 5y agoI haven't stayed anywhere long enough to warrant it