Understanding U.S. Taxes When Living Abroad

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 Take a look at the tax advantages and disadvantages of living overseas. These are the top myths of expat taxes busted. fizkes / Shutterstock.com

Editor’s Note: This story originally appeared on Live and Invest Overseas. What do the world’s only superpower, the United States, and a tiny African backwater, Eritrea, have in common? America and Eritrea are the only two countries in the world to tax citizens on their worldwide income, no matter where they live. Other countries tax their citizens only if they live or earn money in the country.

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