How would your situation change if you didn’t have to account for US income tax ... | Hacker News

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		mathgeek on Dec 4, 2024 \| parent \| context \| favorite \| on: Why America's economy is soaring ahead of its riva... How would your situation change if you didn’t have to account for US income tax while living abroad? Does it offset at all due to agreements with France?

rootusrootus on Dec 4, 2024 [–]

The US excludes the first $120K of income for expats, IIRC. That probably works out to >100% for the majority.

jandrewrogers on Dec 4, 2024 | [–]

That only excludes basic wage income. If you have any other income, investments, etc then the tax situation becomes indefensibly punitive.

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