There is a downside to US Citizenship for some though, as one of the only countries on earth yo demand you pay taxes on income earned outside the country
True, but iirc also some banks outside the US refuse to open an account for you if you’re a US citizen due to some weird compliance rules that the US requires
There is a downside to US Citizenship for some though, as one of the only countries on earth yo demand you pay taxes on income earned outside the country
Good thing the super wealthy don’t have legally-defined income to be taxed!
…No, wait. Not good. The opposite of good.
FEIE has an exclusion limit. But then again, this is about rich people.
True, but iirc also some banks outside the US refuse to open an account for you if you’re a US citizen due to some weird compliance rules that the US requires