America’s expats are still waiting for tax reform
Summary
The United States taxes its citizens on their income no matter where they live, unlike most countries that tax people based on where they live. Many Americans living abroad want changes to this tax rule but have not seen major reforms yet.Key Facts
- The U.S. taxes its citizens on worldwide income, even if they live in another country.
- Most other countries tax people based only on where they live.
- Many Americans living abroad find this tax system complicated and costly.
- Expats have pushed for tax reform to ease the tax burden.
- So far, no major changes have been made to end taxing citizenship rather than residence.
- This tax approach is unusual compared to global tax rules.
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