@ccunning to No Stupid Questions • 1 month agoHow can a US citizen invest outside the reach of the federal government?message-square75arrow-up183arrow-down18
arrow-up175arrow-down1message-squareHow can a US citizen invest outside the reach of the federal government?@ccunning to No Stupid Questions • 1 month agomessage-square75
minus-square@[email protected]linkfedilinkEnglish3•1 month 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? :)