This should not be downvoted. It is a gaping loophole that ought to be closed, but downvoting it won't fix the problem. Also, it is the "Foreign Earned Income

This should not be downvoted. It is a gaping loophole that ought to be closed, but downvoting it won't fix the problem. Also, it is the "Foreign Earned Income Tax Credit (FEITC)", not FITC. It covers only wages/salary, not dividends+interest. And it is $120k/yr currently, not $110k: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/fore... However there are even worse loopholes in the FEITC. Due to a bungled tax treaty, US persons at the Pine Gap facility in Australia who are not US government employees pay no tax to any government at all on that first $120k: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-and-the-pine-gap-facility#collapseCollapsible1695139537390 https://www.irs.gov/individuals/international-taxpayers/fore...