ccunning@lemmy.world to No Stupid Questions@lemmy.world · 4 months agoHow can a US citizen invest outside the reach of the federal government?message-squaremessage-square67linkfedilinkarrow-up183arrow-down18
arrow-up175arrow-down1message-squareHow can a US citizen invest outside the reach of the federal government?ccunning@lemmy.world to No Stupid Questions@lemmy.world · 4 months agomessage-square67linkfedilink
minus-squarejet@hackertalks.comlinkfedilinkEnglisharrow-up3·4 months 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.
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