That’s correct. You’d have to be earning way, WAY over the average Swedish salary before you start owing the IRS anything. That said, I wouldn’t put it past Trump to remove the foreign earned income exclusion to coerce people into moving back to the US as part of the ”trade war” nonsense.
Don’t forget to get rid of your US citizenship or they’ll still profit off your work.
i thought it was just that if the country you’re in taxed you less than what the US would, then you have to pay the difference to the IRS?
… and there’s no way in hell the US taxes less than sweden (and for anyone that hasn’t had an ice pick lobotomy that’s a good thing)
*edit: foreign tax credit
That’s correct. You’d have to be earning way, WAY over the average Swedish salary before you start owing the IRS anything. That said, I wouldn’t put it past Trump to remove the foreign earned income exclusion to coerce people into moving back to the US as part of the ”trade war” nonsense.
wow yeah i hadn’t considered that
fucking ew
How so?