You’re earning significantly over $120k/year? Then you file a form 1116 to have a credit against foreign-paid taxes. And even then, whatever income was left over after deductions doesn’t put you automatically in the highest tax classes.
Where are you living where you’re earning so much? I know many US expats, basically no one is earning that much, much less native-born citizens. It’s the US that usually pays much more for engineering, not as much in RoW.
Is your cost of living so high that you’re unable to save any of your super high income? You don’t necessarily need to “extract wealth from other people”.
It sucks to need to file taxes to a regime you’re not residing in, but you surely understand the purpose of it? Don’t you think it’s probably a good thing that billionaires can’t just make big profits in the US and pretend they’re living in Malta?
Sorry, but as someone who has helped several high-earning expats with their US taxes, it really seems like you’re either setting hinders for yourself (intentionality or otherwise), or doing some creative writing.
Not significantly more. If it was significantly more I wouldn’t have as much of a problem because I would be earning enough to off set this. I have high expenses too, a 80-something year old mother with severe health problems, a brother who can no longer work and needs to take a biologic which costs thousands per month, and my own small family. I am not hurting for money right now but I really don’t appreciate paying for US society in any way or funding its military. I am forced to do so under threat of violence.
My consulting work is for a consultancy in the US, I hate my job and what I do. Working all day drains all my energy and makes me feel sick. I am not honest with anyone I work with about who I am or what I want. I wish I could do something else but then I’d be poor and stuck in the US forever. I see no real way out. I am contracted with a multi-national firm operating in Mexico and also have contracts with US companies and work remote. My consultancy bills at 250 an hour and pays me around 62 dollars. I am still being paid through the US and my US bank. Frankly getting more specific would probably dox me. So you are right I didn’t “earn” the money here, Getting a new job here has been nearly impossible. I don’t live in the US though so I do not want to pay any taxes to the American government or the American people certainly not the US military or broken medicare system.
You don’t necessarily need to “extract wealth from other people”.
This is total and complete bullshit. You’re liberal goon with no morality. Please enlighten me how I can invest money and pull returns without funding the US treasury, corporations that do military industrial contracts or animal exploitation. I am all ears. My consultancy doesn’t offer any sort of 401k or matching plan so I have a self directed IRA and cash. Capital is INTRINSICALLY extracting from other people. So I save cash and I’m nearly at a level where I can stop working in about ~5 years and just spend what I have for the rest of my life, but, it takes an inflation or climate collapse to interrupt that plan. Otherwise I’d have to compromise what I believe in and make myself feel even less human than I already do.
It sucks to need to file taxes to a regime you’re not residing in, but you surely understand the purpose of it?
No I don’t, I hate the US and the people that live there, their values, their culture, and everything about it. I am deeply ashamed to be American. I have nightmares about shock and awe and watching the destruction of my Iraqi brothers and sisters while white American goons smiled and talked about how great democracy is. I pay for this now.
it really seems like you’re either setting hinders for yourself (intentionality or otherwise),
You’re earning significantly over $120k/year? Then you file a form 1116 to have a credit against foreign-paid taxes. And even then, whatever income was left over after deductions doesn’t put you automatically in the highest tax classes.
Where are you living where you’re earning so much? I know many US expats, basically no one is earning that much, much less native-born citizens. It’s the US that usually pays much more for engineering, not as much in RoW.
Is your cost of living so high that you’re unable to save any of your super high income? You don’t necessarily need to “extract wealth from other people”.
It sucks to need to file taxes to a regime you’re not residing in, but you surely understand the purpose of it? Don’t you think it’s probably a good thing that billionaires can’t just make big profits in the US and pretend they’re living in Malta?
Sorry, but as someone who has helped several high-earning expats with their US taxes, it really seems like you’re either setting hinders for yourself (intentionality or otherwise), or doing some creative writing.
Not significantly more. If it was significantly more I wouldn’t have as much of a problem because I would be earning enough to off set this. I have high expenses too, a 80-something year old mother with severe health problems, a brother who can no longer work and needs to take a biologic which costs thousands per month, and my own small family. I am not hurting for money right now but I really don’t appreciate paying for US society in any way or funding its military. I am forced to do so under threat of violence.
My consulting work is for a consultancy in the US, I hate my job and what I do. Working all day drains all my energy and makes me feel sick. I am not honest with anyone I work with about who I am or what I want. I wish I could do something else but then I’d be poor and stuck in the US forever. I see no real way out. I am contracted with a multi-national firm operating in Mexico and also have contracts with US companies and work remote. My consultancy bills at 250 an hour and pays me around 62 dollars. I am still being paid through the US and my US bank. Frankly getting more specific would probably dox me. So you are right I didn’t “earn” the money here, Getting a new job here has been nearly impossible. I don’t live in the US though so I do not want to pay any taxes to the American government or the American people certainly not the US military or broken medicare system.
This is total and complete bullshit. You’re liberal goon with no morality. Please enlighten me how I can invest money and pull returns without funding the US treasury, corporations that do military industrial contracts or animal exploitation. I am all ears. My consultancy doesn’t offer any sort of 401k or matching plan so I have a self directed IRA and cash. Capital is INTRINSICALLY extracting from other people. So I save cash and I’m nearly at a level where I can stop working in about ~5 years and just spend what I have for the rest of my life, but, it takes an inflation or climate collapse to interrupt that plan. Otherwise I’d have to compromise what I believe in and make myself feel even less human than I already do.
No I don’t, I hate the US and the people that live there, their values, their culture, and everything about it. I am deeply ashamed to be American. I have nightmares about shock and awe and watching the destruction of my Iraqi brothers and sisters while white American goons smiled and talked about how great democracy is. I pay for this now.
Fuck you.