Thread: US born
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Old 20.10.2020, 19:01
BostonToZurich BostonToZurich is offline
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Re: US born

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Indeed, who knows how the taxation system will be like in a few years. Is is that bad for Americans living abroad ?

well - for some people it's not that bad. There is a filing requirement - and you ALWAYS have to be aware of it. If you don't make alot of money, maybe you don't really notice... but if you start to earn what a standard EF'er makes (by law it's 120K ) you end up having to file taxes in the US.

I have a friend who was born in the US to German parents and lived there his entire life until after college (his parents are still there), now working in CH. He's in his late twenties and just gave up his US citizenship because of the taxes.
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