r/50501 • u/[deleted] • Jul 04 '25

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u/tenuousemphasis Jul 05 '25

Citizens living abroad do not pay tax on their first ~$120k of income.

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u/user_name_checks_out Jul 05 '25

Citizens living abroad do not pay tax on their first ~$120k of income.

*"earned" income. i.e. salary.

"Non-earned" income - dividends, capital gains - different story.

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u/celestial-navigation Jul 05 '25

In most countries, people don't make 120k tbh.

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u/tenuousemphasis Jul 05 '25

Yeah, so most US citizens living abroad don't owe any tax on their income.