taxes for ex-pats

8 April 2008

The US and Libya are the only two countries that tax their expats even when they have left the country.

If you pay foreign tax on foreign income you can get foreign tax credit up to $80k.

BUT the US still wants %15 for Self Employment Tax. Forever and ever. Now its getting personal.

And they want to tax investment income no matter where you invested up until you give up your citizenship and become Bahamaian.


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