What it's like as an American abroad with Taxes: Double Taxation
Video Overview & Insights
As an American expat, filing your annual tax return in the United States is JUST the beginning...
This is the Evan video to rule them all: It's got British vs. American, Informative taxation talk, citizenship talk, passionate ranting, sketches and a big Dovan throwback at the end. You love to see it.
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Dude, I see your point to an extent. To be fair though, filing the FBAR ain’t that big of a deal. I’m not an expat, but I have accounts overseas. My annual FBAR filing takes me about 30 minutes online. So that part isn’t crazy.
One thing I want to add though, even if you just have signature authority over a foreign account you’ll have to report it.
Thank you so much for watching! Hope you enjoyed it!
Big shout out to the lovely friends that were in my li'l sketch!
Dovan lmao
dodie: https://www.youtube.com/doddleoddle
Corry: https://www.youtube.com/user/norrieaga09
Land of the Free!
James: https://www.youtube.com/channel/UCDGbq4Xp_Z4bae7Z037QoSg
Sources for further reading:
A wild Dodie has appeared!
https://www.reuters.com/article/us-usa-citizen-renounce/special-report-tax-time-pushes-some-americans-to-take-a-hike-idUSBRE83F0UF20120416
https://en.wikipedia.org/wiki/Quarterly_Publication_of_Individuals_Who_Have_Chosen_to_Expatriate#cite_ref-Kirsch906909_11-1
You didnt even get to the part where if you still decide to renounce citizenship, you also must first cash out ALL your US retirement accounts, and be taxed accordingly, including any withdrawal penalties. So if you have been lucky and diligent enough to set aside decent money like we’re all supposed to, the US govt could take nearly half of it. poof!
Literally holding retirement accounts hostage
https://poseidon01.ssrn.com/delivery.php?ID=187086122071110115117027070094066078040042019051000035078084068025002094009103091085012057017035111035003024107029124109031028071057083017001082071110018100069038062012120064003012029003097019028088081104004088066095006089093067001120100019000103&EXT=pdf
https://www.cazenovecapital.com/articles/swusl/2019/just-how-many-american-citizens-are-living-outside-the-us/
Nazi ukraine also demand renunciation fee for their fascist citizenship in amount of $300.
Yet another “Land of Free”
https://www.crunch.co.uk/knowledge/tax/how-fatca-and-fbar-made-american-expat-taxes-fubar/
https://www.greenbacktaxservices.com/blog/5-things-to-know-about-fatca/#:~:text=Under%20FATCA%2C%20all%20US%20citizens,US%20and%20those%20living%20abroad).&text=However%2C%20the%20fact%20remains%20that,all%20US%20citizens%2C%20including%20expats.
195 countries are un members+observers. This doesn't include Kosovo, Taiwan or Western Sahara.
Which makes 198.
It also doesn't count constituent countries (Scotland, England and wales for the UK, Curacao for the Netherlands, Greenland and the Faro islands for Denmark) but I assume you mean independent countries.
https://expattaxprofessionals.com/blog/article/fbar-reporting-penalties-severe#:~:text=A%20%E2%80%9Cnon%2Dwillful%E2%80%9D',balance%20in%20each%20unreported%20account.
https://www.tax-news.com/articles/US_Citizenship_Based_Taxation_Unique_or_Outrageous____571149.html
You kinda have to like the new YouTube algorithm. I bet he is doing 100k now.
https://www.taxesforexpats.com/expat-tax-advice/Citizenship-Based-Taxation-International-Comparison.html
https://www.hrblock.com/tax-center/filing/personal-tax-planning/filing-taxes-when-married-to-non-us-citizen/
Invade the US. Make the US the UK again.
If you're new to my channel and videos, hi! I'm Evan Edinger, and I make weekly "comedy" videos every Sunday evening. As an American living in London I love noticing the funny differences between the cultures and one of my most popular video series is my British VS American one. I'm also known for making terrible puns so sorry in advance. Hope to see you around, and I'll see you next Sunday! :)
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Im behind on a tax return, im not even 20 or have been to the US since I was 8.
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Loved the song.
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Your 1 sentence should have been; “being an American abroad… GET HELP!” Seriously the more I learn about the USA the luckier I feel for not being born there… I feel for you 😓
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Watching this in 2026 and, surprisingly, the US government is even worse now...
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Don't they only tax the difference between the tax in America - Tax paid overseas....
i.e. if you paid $5000 in the UK but your Tax liability in the US based on your Income overseas is $8000, you pay $3000 to the US?
So if you paid more tax in the UK you should pay nothing?
According to a legal firm website:
"While the US taxes based on citizenship (worldwide income) rather than residency, mechanisms exist to essentially limit liability to the difference between foreign and U.S. taxes, or eliminate U.S. tax entirely in many cases.
You can achieve this "difference-only" taxation primarily through the Foreign Tax Credit (FTC), which is often more advantageous than the Foreign Earned Income Exclusion (FEIE) in high-tax countries."
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I have a simple solution, just revoke your US citizenship. It doesn’t benefit you anymore. America clearly isn’t giving you any benefits, you are white and rich and so getting a tourist visa into the US shouldn’t prove a problem (I’m saying this as an American).
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The fact that there's a fee to renounce your citizenship at all is shocking to me, let alone that it'd be so high.
As an American, I did know that U.S. citizens are taxed no matter where they live, but I didn't know just how bad it is, this is genuinely absurd, and if I can in any way work to make ti better I'll be sure to do so.
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And this truly ridiculous, I’d say the best option is to try and get citizenship in your current country and renounce US citizenship but obviously that’s far from ideal
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As an American (also from New Jersey!!!) planning on leaving soon, here's my reaction: FUUUUUUUUUUUUUUUUUCK
#AmericanExpat #DoubleTaxation
More User Perspectives
"the land of the free" ah
@amenaspecialistthis is truly the most stupid fucking rule against americans abroad.
@ChrisatMITWhatever makes money! THAT'S where the US goes. Consumers (tax payers) be damned.
@haint7709You know, uve been lied to about how the US is great while that same US illegally bombed my country in the 90s and took part of our land. The US has never been great, you were lied to. And the US has been doing whatever it wants for decades. Its just, now the time has come when America is drowning itself and it will drown and so it pulls its people with it You guys now ACTUALLY SEE what the US is like. An empire whose power is based on money, luckuly its debt and that debt will destroy the US and i cant efin wait!
@Bojan-y3kaSo they are threatening you if you don’t give them your money.
@cheezycow4390The country of the free they say... they're even slaves living abroad! The sicest country on the planet. I'd rather die than ever visit america or marry anyone from that sick and horrible hellhole. The greatest country on earth LMAO
@steadyeddie2718So you get fined for not telling IRS about bank account they know of and you have to file tax return with all information IRS have gotten from the same source as you have to in order to file your tax return.
@westerngothia59HOW DRACONIAN IS THIS!??
I am not a citizen of the USA, nor of any of the other "Five Eyes" countries. I visited east coast & Gulf of Mexico ports in 1977–78, and again in late 1982. These were my sole visits to the USA.
I've been told by my financial advisor, that if I have even the smallest direct investment in an instrument domiciled In the USA, I shall be liable to complete and file a tax return to the US IRS every year. This will continue to apply until I die, even should I liquidate such direct investment while still alive.
Just don't get caught tranferring $10k to your american bank. They don't even know you are married unless you get married there.
@edgykoala1732USA, The land of freedom...
@RickardRehnbergThank you for making this video. I needed that info.
@ImmersiveTextileStudio8:57 5 years later, and this situation has only gotten worse.. Declaration of Independence being written about what's currently happening is crazy
@TS_Mind_Swept5:59 we should just start using Japanese Yen for international trade instead, problem solved
@algotkristoffersson150:29 just renounce your American citizenship
@algotkristoffersson15Anyone can be that someone, the one who stands up to the goverment. My uncle is a lawyer, why? Because he wanted to make a difference. You can be that someone. I can be that someone. ANYONE CAN BE THAT SOMEONE. BE THAT SOMEONE.
@RandomCoolStuff-hiOr just don't report the birth abroad and not claim the child as a dependent.... I live in Germany and LOVE tax season...
@Schmanne23Is the usa-ican gov't still doing this? I can't wait until other countries all stand up for themselves and come together and stand up to the cocky, self-centred, narcissistic, holier-than-thou usa-ican gov't in its place, so to speak.
@Uniquely-UnoriginalYou should update this video. If you make less than roughly $120k, you can generally submit paperwork to not pay US taxes.
@ThatsRickyAlrightI watched this video five years after production. It has become even more relevant as we see the acceleration in the decline of the USA empire due to the corruption of the government, plus the glorification of wealth and billionaires who pay no tax. The promotion of the Cinderella myth (the American Dream) where anyone can rise from poverty is designed to keep the majority in place, quiet, accepting poverty as normal while the system rewards billionaires.
@perthbiker1OMG This is terrifying. & they charge you whether you knew about these fees or not.. Yikes! Greed over All..
@leslyeschoenhuth1174Man, don’t we just love the INTERNAL Revenue Service having their grubby mitts in EXTERNAL revenue 😃😃
@andrewborden4008The US might just be a piramid-Scheme lol. Verry happy they aren't hevyly militarized, and agressiv as of late
@martinmercier1702How and where do you handle your money then?
@heatherhill3619It sounds like it should be called the United Scams of America. 😢
@samias.8498Might want to make you more motivated to become a UK citizen and renounce your US citizenship. Problem solved.
@e815usaTime to change passport
@Alicia-agAnd remember. “The most affluent of countries, operates on a depletion economy which leaves destruction in its wake. Your people are driven by a sick sense of deficiency. When the last tree is cut, the last fish is caught, and the last river is polluted; when to breathe the air is sickening, you will realize, too late, that wealth is not in bank accounts and that you can’t eat money.”
@mousywhiskersDon't give Starmer ant ideas.
@pisquared1827Trump promised in his lying rallying that he would cancel this insanity. Never happened. Never voting lying republicans ever again
@joeharley939515:14 the prophet
@noam15A