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That's one of the most pernicious things about the US tax system though. Because citizens get taxed by both the USA and the country they're in, it strongly dis
by adwf 11y ago
That's one of the most pernicious things about the US tax system though. Because citizens get taxed by both the USA and the country they're in, it strongly disincentivises people from ever moving abroad (unless they revoke their US citizenship).
This leads to Americans never really discovering, en masse, what life in foreign countries can be like. They're just tourist destinations.
- toephu2 11y agonot totally true, you are not taxed up to 100k while working abroad. see "Foreign Earned Income Exclusion".
- jleyank 11y agoThis and unless your country of residence has lower tax rates than the US you merely end up filing, not paying the US. If the tax rate is lower, then the tax hit is what you'd pay in the US less the foreign tax credit. Only thing would be tax free income in your country of residence that is taxable in the US...