Comment Re:That's Great But... (Score 5, Informative) 688
My understanding is that US citizens must pay taxes in the USA even if they work abroad
As a US citizen that works abroad, I have to FILE taxes, but pay nothing. I basically declare that I made a certain amount working abroad and was taxed in that country. I declare I made 0 in the US, and I owe 0 US taxes. Apparently making rather large sums of money overseas is different, according to the H&R Block person who helps me file.
Also, bringing over 10K back into the US is taxed.
Note: I live in a 1st world country that the US is quite friendly with. It may be different in Afghanistan.
This is great news because this could help wipe out Afghanistan's poverty, the actual biggest obstacle to a functioning government.
That's exactly what happened everywhere oil or minerals have been discovered around the world. Middle East currently enjoys highest standard of living than the rest of the world thanks to half a century of massive oil extraction. Oh wait...
The United Arab Emirates has a fairly high standard of living because of the discovery of oil there. Before discovering it, they were scraping by on fishing.
However, it's not a 1 step process. The 2nd step has a lot to do with it: "The late Sheikh Zayed,