ccunning@lemmy.world to No Stupid Questions@lemmy.world · 17 hours agoHow can a US citizen invest outside the reach of the federal government?message-squaremessage-square62fedilinkarrow-up160arrow-down16
arrow-up154arrow-down1message-squareHow can a US citizen invest outside the reach of the federal government?ccunning@lemmy.world to No Stupid Questions@lemmy.world · 17 hours agomessage-square62fedilink
minus-squarejetAlinkfedilinkEnglisharrow-up2·16 hours 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.
minus-squarestinky@redlemmy.comlinkfedilinkEnglisharrow-up1·16 hours agoUnless it’s under what amount? :)
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? :)