Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

>USA and Eritrea are unique in that they will tax your worldwide income even if you no longer live in those countries (are non-resident.) No other countries in the world have the brass balls to do that.

But to be fair there is a rather large exemption, around US$ 100,000 per year, the nuisance is that you have to file some tax forms anyway:

https://www.irs.gov/individuals/international-taxpayers/us-c...

https://www.americansabroad.org/us-taxes-abroad-for-dummies-...

>The Foreign Earned Income Exclusion (FEIE, using IRS Form 2555) allows you to exclude a certain amount of your EARNED income from US tax. For tax year 2016 (filing in 2017) this exclusion was $101,300.



And in most countries, you can just take the Foreign Tax credit and still owe zero given that their rates are higher than the US's.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: