@[email protected] to No Stupid [email protected] • 3 days agoHow can a US citizen invest outside the reach of the federal government?message-square76fedilinkarrow-up181
arrow-up181message-squareHow can a US citizen invest outside the reach of the federal government?@[email protected] to No Stupid [email protected] • 3 days agomessage-square76fedilink
minus-square@[email protected]linkfedilinkEnglish3•3 days agoYou owe federal tax on global income, but you can get a tax credit for local taxes paid on that income; So you pay max(US Federal, Foreign Local), but not the sum.
You owe federal tax on global income, but you can get a tax credit for local taxes paid on that income; So you pay max(US Federal, Foreign Local), but not the sum.
Unless it’s under what amount? :)