- Joined
- Aug 26, 2011
- Messages
- 3,089
- Reaction Score
- 6,342
Per IRS:If Polley is a U.S. citizen, then he does not escape taxes. Doesn't matter where he plays. Nice fantasy though.
"If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation ($105,900 for 2019, $107,600 for 2020, $108,700 for 2021, and $112,000 for 2022). In addition, you can exclude or deduct certain foreign housing amounts."