How come if i earn income in a foreign the IRS will tax me?

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unlike countries, united states taxes world-wide income of citizens, not income generated within united states. there ways can reduce u.s. income tax liability. first, don't have u.s. income tax if make less 85,000 year abroad. second, credit foreign taxes paid.

don't think giving citizenship avoid u.s. income taxes. u.s. government can levy taxes on income 10 years if give citizenship purposes of avoiding taxes.

consider taxes pay cost of privileges enjoy being u.s. citizen.

why legal tax me when work in foreign country. why have pay taxes without representation


Business & Finance Taxes United States Next



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