return2ozma@lemmy.world to News@lemmy.world · 5 months agoTrump floats eliminating U.S. income tax and replacing it with tariffs on importswww.cnbc.comexternal-linkmessage-square193fedilinkarrow-up1383arrow-down117
arrow-up1366arrow-down1external-linkTrump floats eliminating U.S. income tax and replacing it with tariffs on importswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 5 months agomessage-square193fedilink
minus-squareSocsalinkfedilinkarrow-up13·5 months agoThis is not true. Most countries have a taxation agreement with the US which excludes a significant portion of income and/or taxes paid from US income. You do still pay taxes to the US on foreign income, but not on every penny.
This is not true. Most countries have a taxation agreement with the US which excludes a significant portion of income and/or taxes paid from US income. You do still pay taxes to the US on foreign income, but not on every penny.