455
submitted 5 months ago by PhilipTheBucket@ponder.cat to c/world@quokk.au
you are viewing a single comment's thread
view the rest of the comments
[-] peregrin5@lemm.ee 3 points 5 months ago

Even if you get a job outside the US, if you keep citizenship, you will still be charged taxes.

[-] PhilipTheBucket@ponder.cat 9 points 5 months ago

True, but according to what I just became an expert on two minutes ago, you can file form 2555 and deduct the first $130k of your wages, and all your housing expenses on top of that. It sounds like working abroad means you still have to keep in touch, but your tax burden is likely to become minimal as long as you're legit not maintaining a presence in the US.

It's all still theoretical as applied to me personally. And there is still the big decision of "flee to safety" versus "stay and fight."

[-] jonne@infosec.pub 1 points 5 months ago

Yeah, from what I recall, you can deduct whatever you pay in the other country in taxes, so unless you moved to Monaco that's going to be higher anyway.

this post was submitted on 28 Feb 2025
455 points (97.7% liked)

World News

445 readers
505 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 10 months ago
MODERATORS