News for hackers. Stuff that matters.

A comment on How a federal spy case turned into a child pornography prosecution. Parent comment

Re:How a federal spy case turned into a child pornography pr... by function_seven on Wednesday April 06, 2016 @01:21PM (#11440187)
You're not double-taxed as a US citizen abroad. You pay the higher of the two taxes. And you don't pay US taxes on the first 100k of income.
[ Parent | on HN ]
Re:How a federal spy case turned into a child pornography pr... by tremon on Wednesday April 06, 2016 @03:11PM (#11441042)
How does that work? If your local taxes are more than what the US would take, they take nothing? And if the US taxes are higher, the US only receives the surplus amount?
[ Parent | on HN ]
Re:How a federal spy case turned into a child pornography pr... by function_seven on Wednesday April 06, 2016 @03:45PM (#11441372)
Link below explains it better. I'm sure it's as complicated as the IRS can make it, and I'm sure there are situations where some of your income is double-taxed, but for most people, you choose either a tax credit in the amount of foreign taxes paid, or you get to exclude 100k of your income right off the bat.

http://www.nolo.com/legal-encyclopedia/when-us-citizens-livi...

[ Parent | on HN ]