Residency-based taxation taxation proposal from @ACAVoice for #Americansabroad?

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2 thoughts on “Residency-based taxation taxation proposal from @ACAVoice for #Americansabroad?

    1. renounceuscitizenship Post author

      The ACA proposal accepts CBT (citizenship-based taxation) and recommends getting rid of the Foreign Earned Income Exclusion which is a benefit to many Americans abroad. The proposal does leave the FTC credits intact which will (for certain people) mitigate double taxation a bit.

      Americans abroad will almost always be subject to higher U.S. taxes than a comparably situated homelander. See:

      http://isaacbrocksociety.ca/2017/02/17/poll-is-it-common-for-americansabroad-to-have-a-higher-u-s-income-tax-bill-than-a-comparably-situated-homelander/

      and the comments.

      Reply

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