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0 pointsdeciplex11y ago0 comments

>If you are a US citizen you are taxed on your wages no matter where you are on Planet Earth. Some relief is possible (first approx $100k not taxable, for instance).

Correct me if I'm wrong, but after that $100K deduction you're essentially paying the higher of the local tax, or the US tax?

0 comments

jmadsen11y ago

you are paying BOTH - another reason this is an issue.

expats pay tax on full amount to host country, plus tax on amount over $92k to US. So the money over $92K is double taxed - making it "pointless" (not completely, obviously) to earn that extra

j / k navigate · click thread line to collapse

0 pointsdeciplex11y ago0 comments

>If you are a US citizen you are taxed on your wages no matter where you are on Planet Earth. Some relief is possible (first approx $100k not taxable, for instance).

Correct me if I'm wrong, but after that $100K deduction you're essentially paying the higher of the local tax, or the US tax?

0 comments

jmadsen11y ago

you are paying BOTH - another reason this is an issue.

expats pay tax on full amount to host country, plus tax on amount over $92k to US. So the money over $92K is double taxed - making it "pointless" (not completely, obviously) to earn that extra

j / k navigate · click thread line to collapse