Re:Enter your address and find out everyone who represents y...
by maxerickson on Friday December 30, 2016 @09:43AM
(#13284562)
You're taxed like a resident by the US.
Not really. You get to offset foreign taxes and exempt more income than most US residents earn.
The filing requirements are sort of onerous, the taxation isn't.
I can see where it is sort of punitive to pay taxes on a large capital gain that has nothing to do with the US, but when you are talking about hundreds of thousands of dollars of such income you are talking about outliers.
Not really. You get to offset foreign taxes and exempt more income than most US residents earn.
The filing requirements are sort of onerous, the taxation isn't.
I can see where it is sort of punitive to pay taxes on a large capital gain that has nothing to do with the US, but when you are talking about hundreds of thousands of dollars of such income you are talking about outliers.