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/biz/ - Business & Finance

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21271701 No.21271701 [Reply] [Original]

Americans have to pay taxes to the IRS even if they live in a foreign country

>> No.21271732

>>21271701
If you don’t have any assets in the USA, they could never enforce it.

>> No.21271774

Renounce citizenship

>> No.21271792

Land of the Free

>> No.21271797

>>21271774
You have to pay a tax to renounce citizenship

>> No.21271825

>>21271732
If you ever want to return to usa.
amerimutts are cucked from birth
USA is joke country now
ahhahahahaha

>> No.21271857

That's why rich people are giving up their citizenship

>> No.21271864

I have never filed taxes once as an American abroad. Never filed taxes for the US period. Never been asked by a bank about it. To the IRS boomer computers I don't even exist.

>> No.21271912

>chinese coworker told me he pays taxes to china and us
rip.

>> No.21271958

>>21271864
Your bank account can be frozen by the US government at any moment.

>> No.21272011
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21272011

>>21271701
>wagecuck
>20% tax on my earnings
>go to the store
>10% tax on my spendings
>buy house
>5% property tax every year
>buy crypto
>40% tax on my winnings
>file taxes
>forget to add the 10% gratuity and 15% tip
>go to jail

>> No.21272018

>>21271958
My accounts that aren't in the USA? Nah dood FATCA specifically forbids that kind of power.

>> No.21272039

>>21271797
what if I live in india and am not a US citizen, and have never been to America?

>> No.21272086

>>21271701
What if their citizenship wasn't renewed?

>> No.21272092

You only pay if you make over 6 figure. You can also deduct your foreign housing expenses.

If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation ($103,900 for 2018, $105,900 for 2019, and $107,600 for 2020). In addition, you can exclude or deduct certain foreign housing amounts.

>> No.21272147

>>21271701

With Jews you lose, they basically own you its literally that simple. You have to be retarded to be an burger and not live in the US tho, might as well take advantage of the standard of living the kikes give you by propping your economy that's backed by literally nothing.
>inb4 muh military
If you still believe that you haven't been paying attention this last year.

>> No.21272162

>Europeans pay taxes to buy U.S T-bonds.

>> No.21272216

>>21271825
>now
It has been for about the past 50 years

>> No.21272218
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21272218

>>21271701
>mfw I'm certified as dead and don't make income since the time of my death

>> No.21273081

>>21272039
lmfao pajeet

>> No.21273511

Just cash out, spend all money fast into assets like apartments, do that in your mothers name, file bakruptcy, thats it. What are they gonna do? Cut your fingers? Lmao, get real

>> No.21274119

>>21271701
Taxes?
What the fuck are those?
I'm 53 and I never bought one before

>> No.21274122

>>21272018
>Muh international agreements
Top kek