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Will Americans flee from the US to Poland?


OP Alien  25 | 6002
12 Nov 2024   #31
mentally ill.

They're best treated with electroshock or lobotomy, right?
Novichok  5 | 8483
12 Nov 2024   #32
No, you stupid Polish azhole pretending to be German...

The best treatment is lopping off breats or dicks.

Memo to Germans...I apologize for this fvcked up Polak in your midst...
OP Alien  25 | 6002
12 Nov 2024   #33
No, you stupid Polish azhole pretending to be German

😩😫😭I want to be put on the ignore list again.
pawian  221 | 25992
12 Nov 2024   #34
the ignore list again.

Enjoy coz we are witnessing new solutions in the forum - namely, Novi suspended you. hahahaha
AmericanAbroad
12 Nov 2024   #35
If you are in Poland or any other country for that matter, you still pay your US taxes. If you are in some countries for more than 183 days per year, you have to pay taxes in that country as well.

Total BS. There are double taxation treaties in place between the US and other countries. If you live abroad for more than 182 days, you will pay your taxes abroad and NOT in the USA. You will have to file some paperwork with the IRS, though.
pawian  221 | 25992
12 Nov 2024   #36
NOT in the USA

Amasing! Do you mean Polam is wrong on those taxes????? Is it possible that as a native American, and a lawyer by education, he perceives the taxation matter so erroneously???
I can`t believe it. It can`t be true. Simple.
Ron2
12 Nov 2024   #37
@AmericanAbroad is right if you want to be 100% legal with your taxes. That's why, Americans who don't plan to move back to the US cancel their American citizenship.
pawian  221 | 25992
12 Nov 2024   #38
file some paperwork with the IRS

cancel their American citizenship.

Are these two things synonymous??
Canceling means you can`t travel to the US so easily and whenever you wish???
Ron2
12 Nov 2024   #39
Canceling means you can`t travel the the US so easily and whenever you wish?

Yes, you then need to follow your other passport's rules of travel to the US.
pawian  221 | 25992
12 Nov 2024   #40
Probably Polam didn`t revoke his citizenship coz he travels regularly. That is why he still pays US taxes.
PolAmKrakow  2 | 1040
12 Nov 2024   #41
@AmericanAbroad
You dont knw sh1t buddy. Been doing this for six year now. If you want to decline your US citizenship and taxes, its no easy process. The IRS has very long arms and those not paying while living abroad usually pay more when caught or end up in jail. Poland is one of those countries that would assist in any prosecution of tax avoidance.
Novichok  5 | 8483
12 Nov 2024   #42
Memo to azholes:

Do not argue with PAK. He is right so just say thank you and move on.
pawian  221 | 25992
12 Nov 2024   #43
pay more when caught or end up in jail.

But AA claims you don`t have to pay taxes after 182 days out of the US so why should IRS catch you???
OP Alien  25 | 6002
13 Nov 2024   #44
don`t have to pay taxes after 182 days out of the US so why should IRS catch you???

Probably because as an American citizen you have to pay taxes according to the US tariff. If you pay less in a foreign country, you must pay the difference in US tax in America.
PolAmKrakow  2 | 1040
13 Nov 2024   #45
@pawian
That claim is not accurate. Any income made from foreign sources, and all domestic income has to be claimed. I will be in the US to sign my tax returns next month. Every year I have to do this.
jon357  73 | 23224
13 Nov 2024   #46
still pays US taxes.

They're quite bizarre. I used to own some shares in a large American company and had to fill in tax forms for there, even though I've never lived there and in any case, they'd have no way of enforcing anything.

I sold them in the end, partly because I was annoyed at having to fill a foreign country's forms in and partly because of employment conditions and certain other ethical concerns about the company.
American Abroad
13 Nov 2024   #47
That claim is not accurate.

Of course it was accurate. If your tax home is in a foreign country and you live there for more than a tax year, you file with the IRS for foreign earned income exclusion and other exclusions. You don't pay taxes in the US on your foreign income, but in your country of residence. That's why double taxation treaties are in place. The one between Poland and the US was signed in 1974.

irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-tax-home-in-foreign-country#:~:text=To%20qualify%20for%20the%20foreign,residence%20or%20physical%20presence%20abroad.
PolAmKrakow  2 | 1040
13 Nov 2024   #48
@American Abroad
You obviously do not have an accountant. Any money earned in the US, when living in another country is completely taxed in the US. Whether you are in another country all year or not, US citizens must pay taxes.
AntV  3 | 693
13 Nov 2024   #49
As Providence would have it, I decided to hop on PF one last time to check my PMs and saw this thread.

Eight of my 20 years working in tax was dedicated exclusively to international tax issues. So, as an attempt to help American taxpayers abroad from having to face IRS headaches I offer the following:

American citizens and permanent residents (aka green card holders) must pay tax on their worldwide income and must file an income tax return if they earn more than the standard deduction. That is the fundamental. It doesn't matter where that income is sourced, if you are a citizen or permanent resident of the USA you are taxed on all income, regardless of where it is earned or where your tax home is. So, PAK is correct.

However, to avoid double taxation there are mechanisms in place to mitigate or completely erase tax owed to the US. The two mechanisms most taxpayers are eligible to use are the Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit (FTC).

FEIE excludes income earned outside the US from taxable income, but be warned, there is a limit to the amount of foreign earned income that can be excluded--I think it's somewhere around $115K. The FTC credits the amount of tax you paid to a foreign government, but if you use FEIE, the foreign tax paid is adjusted down to exclude tax paid on the income a taxpayer claimed as FEIE. So, AA is correct that there are exclusions, but is wrong to say you pay no tax cart blanche.

There are also treaty considerations, but those are generally specific to types of income and workers. There is no such thing as a double taxation treaty. Most, if not all, treaties have a double taxation clause, but those really only give FTC legal credence.

Also, and this is very important, if you have foreign accounts as a US citizen or permanent resident, you must report those to the IRS. FBAR is for a foreign held account that reaches 10,000 at any time. Let's say you have a bank account with PKO and on everyday of the year the most you ever have is $100 in it, then on June 1 you deposited an additional $9,900 and withdraw that $9.9k on June 2, you must file the FBAR. The fines are heavy if you don't report.

@AmericanAbroad

I'd advise that you hire a US-based accountant or a tax professional in Europe who has experience with US taxation. If you have a good amount of assets, I recommend Stuart Horwich out of London.
AmericanAbroad
13 Nov 2024   #50
if you are a citizen or permanent resident of the USA you are taxed on all income, regardless of where it is earned or where your tax home is

Yes, but that doesn't mean that you actually PAY taxes on that income as long as you are below the threshhold of all exclusions combined. You only file the paperwork to the IRS. Or in other words:

there are mechanisms in place to mitigate or completely erase tax owed to the US.

There is no such thing as a double taxation treaty

Well, they are called "US-France Tax Treaty" or "US-U.K. Tax Treaty". Splitting hairs?
AntV  3 | 693
13 Nov 2024   #51
And it doesn't mean you don't actually pay, either. It depends on your individual circumstance. I've seen plenty who have to pay US tax even after all the exclusions, credits, and treaty treatments were applied.

Splitting hairs?

Not at all. They are more than simply about avoiding double taxation.
Poloniusz  5 | 937
13 Nov 2024   #52
I used to own some shares in a large American company and had to fill in tax forms. I sold them in the end because I was annoyed at having to fill forms.

Ah, yes, the revolutionary socialist who occasionally dips into the "real world" for some financial alchemy.

One day, you're the proud champion of the workers' revolution, advocating for the nationalization of industry, a command economy, and a healthcare system that's free at the point of use - a true man of the people with the Red Flag flying high. The next day, you're quietly cashing in on the very system you purport to despise, with your stock portfolio as a secret little side project, just in case the revolutionary fervor needs a bit of liquid asset backup. How very proletarian of you.

Let's not forget the obvious hypocrisy too: having no qualms about owning shares in a company, yet selling them off the moment you are confronted with tax compliance forms. Your commitment to redistribution and class struggle clearly doesn't extend to your personal wealth that might, oh, I don't know, be subjected to the same tax laws that other mere mortals face.

But of course, the duplicitous life of the socialist with a stock portfolio. You're nothing more than Karl Marx in a cashmere sweater - either borrowed from a bourgeois friend and never returned, or snapped up at a heavy discount for being last season's 'revolutionary' chic.
jon357  73 | 23224
14 Nov 2024   #53
You seem to be confusing Marxism with Owenism, Social Democracy Trade Unionism. Easy perhaps if your understanding of life derives entirely from the internet.

As an employee, presumably you receive a wage and are in a Union. Perhaps one day, if you sacrifice your own interests in favour of your employer's, perhaps they'll let a tiny bit of their wealth trickle down to you.

revolutionary

Where did you pull that gem from, fat boy?

Everybody can have savings. Providing they don't spend their wage on pizza or Skype credit to make menacing phone calls that they thought were anonymous...

Perhaps you should wind down the rather pathetic schoolboy attempts at rhetoric; they just make you look foolish.
Novichok  5 | 8483
14 Nov 2024   #54
Will Americans flee from the US to Poland?
I have a better question...

Will illegal Americans flee to the shitholes they came from?
Vesko Vukovic  - | 140
14 Nov 2024   #55
Always the same story. We will leave America if Trump wins, we will leave Twitter because Musk is for Trump and they are still there, and they didn't have any qualms when all social media suspended Trump.
pawian  221 | 25992
14 Nov 2024   #56
we will leave Twitter because Musk is for Trump

Exactly. I don`t use Twitter aka X.
johnny reb  48 | 7977
14 Nov 2024   #57
afraid of the truth are we.....
pawian  221 | 25992
14 Nov 2024   #58
Musk`s lies and partisan propaganda remind me of rightist PiS in Poland. :):):) He is a dupek. Don`t be one by supporting him. Ha!!!!
OP Alien  25 | 6002
14 Nov 2024   #59
don`t use Twitter aka X.

I won't buy a Tesla either.
pawian  221 | 25992
14 Nov 2024   #60
I won't

While I won`t post a positive picture of Musk in the forum. I promise!


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