Comment Re:Okay... and? (Score 1) 316
Which of course sucks... American individuals have to pay taxes on money they earn living outside the border. Why shouldn't these people? Don't answer, the question is rhetorical. If they want to be an American corporation, they should pay American taxes. But... we will do nothing to elect people that would write the appropriate laws. Therefore this article is meaningless. Nothing will come of it, except some advertising revenue.
Not necessarily, if you live abroad and pay taxes elsewhere you can claim the foreign income tax credit and forego paying up to $97K or so of taxable income in the U.S.
"If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to $97,600 of your foreign earnings. In addition, you can exclude or deduct certain foreign housing amounts. See Foreign Earned Income Exclusion and Foreign Housing Exclusion and Deduction, later. "