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  • 10 months ago
107: Nathan Lustig, Things to Know About Trump’s Tax Reform

107: Nathan Lustig, Things to Know About Trump’s Tax Reform

Andrew discusses how Americans might be affected by Trump’s new tax reform bill. By having an ‘America first policy,’ many American expats might find themselves in trouble. Nothing is set in stone yet, but what the tax bill is proposing should cause any American to become concerned. Andrew explains what you need to know if this bill were to pass ‘as is.’   Key Takeaways: Andrew’s Editorial: [1:30] Andrew would like to touch on something that’s going to affect American Citizens; actually, it’s going to affect everyone around the world. [2:15] How will the Trump tax reform impact U.S. expats (and also countries like Ireland, Australia, etc)? [3:30] Based on what’s being proposed (which may change), you may be forced to pay a lot of tax if you live overseas. [6:00] Remember, none of this is written in stone as of yet. [6:10] Foreign income exclusion (what allows you to earn $100K tax-free) might be removed. [7:00] America first policy is not good for those who want to live abroad. [10:25]

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