Posted by: nagan February 14, 2013
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renouncing makes sense for a rich person making lot of money overseas but I think for the average middle class not really.
Because did you know this ? If you work overseas you can deduct upto $80,000 (approximately) of that income from US taxes.
In other words dont go rushing out to renounce, unless u are rich like Ed Saverin or DCGirl ;)
Because did you know this ? If you work overseas you can deduct upto $80,000 (approximately) of that income from US taxes.
In other words dont go rushing out to renounce, unless u are rich like Ed Saverin or DCGirl ;)