ccunning@lemmy.world to No Stupid Questions@lemmy.world · 2 days agoHow can a US citizen invest outside the reach of the federal government?message-squaremessage-square72fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1message-squareHow can a US citizen invest outside the reach of the federal government?ccunning@lemmy.world to No Stupid Questions@lemmy.world · 2 days agomessage-square72fedilink
minus-squarejet@hackertalks.comlinkfedilinkEnglisharrow-up0·2 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.