February 23rd, 2023, 05:38 AM
[QUOTE=Ash;973419]Wtf, do Europoors not file their own taxes? It's not that hard.[/QUOTE]
Why bother when it can be automated?
Originally Posted by
Ash
Wtf, do Europoors not file their own taxes? It's not that hard.
Why bother when it can be automated?
November 6th, 2021, 04:25 PM
[QUOTE=Stealthbomber16;948830]It also costs $1000 to become a US citizen, something that one of my classmates is dealing with currently.[/QUOTE]
its around 1300 gbp for uk citizenship
Originally Posted by
Stealthbomber16
It also costs $1000 to become a US citizen, something that one of my classmates is dealing with currently.
its around 1300 gbp for uk citizenship
November 5th, 2021, 11:11 AM
[QUOTE=Lag;948823]There is the FEIE - Foreign Earned Income Exclusion. FEIE lets you exclude the first $108,700 you earn abroad from US taxes.
Additionally there are Foreign Tax Credits which allow you to receive tax credits for income that is already taxed and paid to a foreign country.
So, do Americans have to pay US taxes even if they're expats living abroad? Technically yes, but for "normal" people that amount of taxes they have to "pay" is usually $0. The system is set up in this way to prevent people that are sufficiently wealthy from obtaining foreign citizenship in a country like Qatar with no income tax, and claiming their 7 or 8 figure incomes in those countries to get around paying US income tax.
(Not to say that tax loopholes don't exist, but like at least the absolute lowest hanging fruit of loopholes like that one don't exist)[/QUOTE]
Is that per year? Or just a one time thing.
And if they lived and worked over in Qatar, what the problem with them not paying American tax?
Originally Posted by
Lag
There is the FEIE - Foreign Earned Income Exclusion. FEIE lets you exclude the first $108,700 you earn abroad from US taxes.
Additionally there are Foreign Tax Credits which allow you to receive tax credits for income that is already taxed and paid to a foreign country.
So, do Americans have to pay US taxes even if they're expats living abroad? Technically yes, but for "normal" people that amount of taxes they have to "pay" is usually $0. The system is set up in this way to prevent people that are sufficiently wealthy from obtaining foreign citizenship in a country like Qatar with no income tax, and claiming their 7 or 8 figure incomes in those countries to get around paying US income tax.
(Not to say that tax loopholes don't exist, but like at least the absolute lowest hanging fruit of loopholes like that one don't exist)
Is that per year? Or just a one time thing.
And if they lived and worked over in Qatar, what the problem with them not paying American tax?
November 3rd, 2021, 08:04 PM
Lol yeh. Apparently you all have to do your own tax returns and shit also? Man that's crazy.
Lol yeh. Apparently you all have to do your own tax returns and shit also? Man that's crazy.
November 3rd, 2021, 07:02 PM
So you can emmigrate to a different country, get a job, live there and all that and you still have to pay your god bless amereican tax?
So you can emmigrate to a different country, get a job, live there and all that and you still have to pay your god bless amereican tax?