American Expats Add to the U.S. Economy: Don't Double Tax Them | RealClearMarkets

RealClearMarkets, September 12, 2024

American Expats Add to the U.S. Economy: Don't Double Tax Them

On September 12, 2024, Executive Director of American Citizens Abroad, Marylouise Serrato, published an opinion piece in RealClearMarkets detailing the need for Congress to end counterproductive "citizenship-based taxation."

"Up to 6 million Americans live outside the United States. They're a diverse bunch -- self-employed entrepreneurs and corporate wage-earners, artists and academics, students and stay-at-home parents.

Unfortunately, these Americans -- unlike the citizens of every other developed country -- are forced to pay taxes not just to their countries of residence, but also to the IRS. This quirk in the U.S. tax code isn't merely expensive and unfair for Americans living abroad. It also hurts the U.S. economy and stifles job growth here at home."

Click to Read Full Op-Ed