Sunshine (she/her)@lemmy.ca to Europe@feddit.orgEnglish · 22 hours ago'We Are Witnessing a New Brain Drain' as Scientists Flee America for Francegizmodo.comexternal-linkmessage-square210fedilinkarrow-up11.04Karrow-down17
arrow-up11.03Karrow-down1external-link'We Are Witnessing a New Brain Drain' as Scientists Flee America for Francegizmodo.comSunshine (she/her)@lemmy.ca to Europe@feddit.orgEnglish · 22 hours agomessage-square210fedilink
minus-squarePup Biru@aussie.zonelinkfedilinkEnglisharrow-up1·4 hours agoisn’t it only the difference above what you’re taxed in your country and what the US would tax? and since the US tax rate is one of the lowest in the world, it almost never applies i think it’s covered by the foreign tax credit
minus-squaregusgalarnyk@lemmy.worldlinkfedilinkEnglisharrow-up2·3 hours agoThat’s true up until that X thousand mark. There is a limit on the foreign tax credit the US provides. So you pay no taxes to the US up until a certain income figure, then you pay essentially double taxes (US and where you actually live).
isn’t it only the difference above what you’re taxed in your country and what the US would tax?
and since the US tax rate is one of the lowest in the world, it almost never applies
i think it’s covered by the foreign tax credit
That’s true up until that X thousand mark. There is a limit on the foreign tax credit the US provides. So you pay no taxes to the US up until a certain income figure, then you pay essentially double taxes (US and where you actually live).