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| Yeah, I get the exclusion because I havent been back in the States for more than week a year for the last 4 years. So as long as you arent in the US for more than 30 days a year, they cant tax you unless you make too much money.
Rumor has it that congress wants to get rid of this in the next 5 years (as the US highway system is $900B in debt, Social security is bankrupt, and public infrastructure spending has been negative since 1992) so they can keep spending. I have always been affraid that the "thresh-hold of non-tax payment would be dropped.
If there is a witch hunt, us citizens living outside the US will be the first to get it. | |
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Sorry, I don't always understand this line of reasoning as my understanding is that we get foreign tax credits for income tax paid in another country. Am I incorrect in my thinking?
If you are living in a very low income tax evironment (Dubai, HK) you are screwed or have alot of investment income (capital gains) which isn't taxed yeah.