alt Hacker NewsThe extreme privilege of being forced to pay a major portion of all income you make, regardless of where you earn it, to the us gov indefinitely. And they make it hard for you to apply to do this. Crazy.
Replies
paulddraper • today at 2:48 AM
And yet why do people want this?
> being forced to pay a major portion of all income you make, regardless of where you earn it
If you're a US citizen living abroad you get a Foreign Earned Income Exclusion of $130,000 for 2025 taxes. So if your income was $130k you'd pay zero in US taxes. You potentially also get to deduct housing costs and get a credit for foreign taxes you already paid among other things.
If you're paying a "major portion of your income" as a US citizen living overseas you're probably pretty dang wealthy. Go wipe your tears with your bands of $100 bills.