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You pay only the difference. There’s also an exemption on taxes already paid to a different country.
by sgjohnson 4y ago
You pay only the difference. There’s also an exemption on taxes already paid to a different country.
- brobinson 4y agoYes, I mentioned the FEIE in the first post you replied to. Wealthy/high income Americans renounce their citizenships to avoid being double taxed if they don't live in the US because the FEIE has a cap and they are double taxed on the remainder.