lulzgamer101
Highest Rated Comments
lulzgamer10111 karma
You don't need them, you have us. Do you need us to beat anyone up? BTW- you're a tenor? That's cool, although jealous.
lulzgamer1016 karma
Actually you do. You include all your income when filing in both countries, but you exclude up to a certain amount for US income, but after that it's taxed as US income, in addition to the taxes in the country you reside. So whatever is over that cap is double taxed. Some countries have tax treaties so this varies, but without a tax treaty, this is how it works. With a tax treaty, you might be able to exclude some amount in the local country, then only pay social security in the US. It's very country-specific.
lulzgamer10174 karma
Also, don't you think it's a bit unfair to tax American citizens living abroad? The US is one of the few countries to do this to its citizens. I guess I could see the need for social security/medicare, but anything else is really not justifiable.
View HistoryShare Link