You don't pay tax twice under the (still ridiculous) American system, the IRS do... | Hacker News

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		pc86 on Sept 18, 2023 \| parent \| context \| favorite \| on: Japan's Hometown Tax (2018) You don't pay tax twice under the (still ridiculous) American system, the IRS does credit you for whatever foreign taxes you've paid. I'm not sure if it's 1:1 but there is a credit.

atdrummond on Sept 18, 2023 [–]

I have to pay US taxes past $120k (this year - it was $112k last year) regardless of having already paid taxes on the full amount in Estonia.

pc86 on Sept 18, 2023 | [–]

You are right there is an inflation-adjusted cap for the exclusion, thank you for the correction!

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