Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics.
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
What the fuck. So lets say, if the country to move to has a minimum income, then you will have to pay the tax for atleast the minimum income until retirement? Am I getting this right?
Yes, but its not as aggressive as it seems: 1) the US gives a tax-free amount up to ~$100,000 earned abroad, and 2) that's after deducting the tax you paid to the country you earned it in (as an example, say you earned $100,000 abroad and paid 30% tax, you'd only have to report $70,000, and because that 70k is below the tax-free amount (in the $100k neighborhood), you don't owe any additional tax in the US.
HOWEVER, the tax-free break is only given if you file your taxes. If the IRS decides you need to be audited, and you didn't file (because you live in a different country and think it's absurd to have to file taxes to a country you didn't earn that money in), you lose the tax free amount (which basically means you can be double taxed).