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To: Alberta's Child
I don't have enough knowledge to know if my situation was unusual or not. But I certainly wish the bite had been less. Lol... Yes I did get credit for the foreign side of the income based taxes but still had a USA liability remaining with the net effect that my total tax load was greater than if it had been one country taxing instead of two.
53 posted on 05/20/2018 5:33:05 AM PDT by Hootowl99
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To: Hootowl99

Yes. When I lived overseas, the first $75,000 was free of US tax, but everything above that was double taxed, with credit for foreign taxes paid, up to a point that I never reached. However, the foreign national health and social security weren’t included in the credit, so it was pretty much a wash with me.


58 posted on 05/20/2018 6:50:46 AM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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