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this post was submitted on 07 Sep 2024
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i assume it accounts for where that income is made? Or does it just apply to all income period, such that you have to pay federal taxes on money made somewhere else, obviously i don't think you can file state taxes, since you don't live in a state. But idk about that one.
Any money an american citizen makes is taxed, no matter where it comes from. I'm sure theres loopholes and exceptions for wealthier folk but yeah its a rough pill to swallow for those living abroad who want to keep citizenship.
hmm, seems like it's not a done deal explicitly
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit
fascinating. I guess that's just a citizenship trolling thing.
Yeah it varies widely from person to person but it seems the average consensus is you at least have to file and at most you have to pay america and the country you work in both.
You also have to make America aware of any assets you have over 10k. Not really the same but I consider it odd behavior if you don't live in that country.
perhaps this is relatively normal among dual citizenship? I don't actually know much about that, but people don't generally have the most flexible citizenship arrangements, otherwise you would expect to see people with like 10 different citizenships lol.
From what ive read there are two countries that do this, and I'm not even joking the second country is one ive only heard the name of twice and I can't remember it.
I'm sure theres gotta be some close examples but apparently america stands relatively alone in some important ways.
there's definitely gotta be some examples of this outside of the US.
Though western europe is probably unique for the simple reason that it has to be highly comingled with other countries, due to the EU. So that probably doesn't count. IDK fuck shit about the middle east/asia, and africa tho.