Donald Trump vows to eliminate income taxes on Americans living abroad

Donald Trump promises to end US income taxes for Americans living abroad, aiming to simplify tax obligations and reduce paperwork for an estimated 9 million expatriates. This proposal, if approved by Congress, could potentially lower tax burdens, particularly for higher-earning individuals relocating to low-tax countries, and is part of his broader campaign to cut personal and corporate taxes.

Oct 10, 2024 - 10:30
Donald Trump vows to eliminate income taxes on Americans living abroad
Donald Trump promises to end US income taxes for Americans living abroad, aiming to simplify tax obligations and reduce paperwork for an estimated 9 million expatriates. This proposal, if approved by Congress, could potentially lower tax burdens, particularly for higher-earning individuals relocating to low-tax countries, and is part of his broader campaign to cut personal and corporate taxes.