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Why is the US taxing expats 39.6% who are living abroad?

2 pointsby reinierover 10 years ago
Why are the US and Eritrea the only countries in the world taxing expats living abroad? Although 39.6% is the top federal tax rate that expat Americans have to pay, I am still genuinely curious.<p>I knew about this from an American friend who has been living abroad for many years. But while reading http:&#x2F;&#x2F;www.zerohedge.com&#x2F;news&#x2F;2014-09-17&#x2F;appalling-practice-used-only-two-nations-which-us-one I started getting seriously curious of why the US (and Eritrea) has this policy and the rest of the world does not.

1 comment

dalkeover 10 years ago
I can tell you the justifications I&#x27;ve heard. They include<p>- it&#x27;s a sort of insurance, in case things go sour and the US needs to rescue its citizens from a war zone &#x2F; plague &#x2F; etc.<p>- it pays for overseas embassy operations for citizens living overseas, including registration of overseas births and renewal of a passport while overseas<p>- it&#x27;s the price to pay for having one of the most widely accepted passports<p>- Americans living overseas were educated in the US, by the US taxpayers, so they shouldn&#x27;t have the right to steal all that free education and live somewhere else.<p>- Paying taxes is quite simply an obligation of citizenship.<p>None of these (except the last) make sense to me, and feel instead like post-hoc justification. For example, if the first couple were true then we would also be charging overseas tourists for their trips abroad, should they need to be rescued.<p>For another example, if you are born in the UK, though with a US mother, then by US law you are a US citizen, and consequently are subject to US taxes - even if you have never stepped foot in the US. Yet the UK passport is more widely accepted (visa-free) than the US passport, and the US paid for none of your education.<p>(Should someone in that not-that-hypothetical case want to get rid of US citizenship, the renunciation fee is currently $2350, and likely subject to an exit tax unless that person had been reporting&#x2F;paying taxes the previous 5 years.)