How Trump's Tax Plan Benefits Expats

He has a concept of a plan

Do you know how these proposed changes will affect social security payments to expats? Will they also be free from taxation? Thanks.

How about those living in US Commonwealths? We are about to move to Saipan.

You should all be called Extraitors!!!🤣🤣🤣 How could you be a "patriot" if you're outside the country enjoying life while America is going in shambles?😳😳😳 Now you're talking about getting tax breaks! Just be happy where you are and enjoy it while it lasts!!!

Blah blah blah... do you get paid by the word? lots of words, short on content!

does the foreign tax credit also apply to capital gains?
Or only earned income?

Seems like there is much opportunity for rural America to create many products at a lower cost than foreign or rust belt enterprises. Price war is always good for the consumer. If any country could thrive in a situation with high tariffs it would be the USA where most all resources to create anything and feed anyone can be found in its borders.

Like your explanation, just subscribed. I am mobility challenged I can walk some but have had bad knees since an infant. Being an expat is intriguing but most roads and sidewalks I see are in bad shape outside the US. Cobblestones in Europe, Stairs everywhere without ada ramps, and the sidewalks in Mexico..Forgetaboutit. So this may only be an exercise of the mind but I am into crypto and having access outside the US jurisdiction would be beneficial.

Imagine for retirees to pull out their deferred investments IRA/401K tax free

Don’t ever believe anyone who has already proven they are not truthful.

Beautiful place. What country are you in?

He is going to crash the economy so jis billionaire friends can steal as much wealth from middle and poor as the can u dumb asses

Wow, sorry but I've never seen a guy talk as much as you do but say nothing

Walmart and Amazon are going to take a dive. 95-99% of their goods are from China or Bangladesh

You, and no one else, knows what that lunatic is going to do.

Nice Job

He's removing the IRS as a whole. He's whittling it away little by little. The rich don't pay taxes and they don't spend their wealth. Consumers pay their taxes.
Expats pay taxes but get tax credit for the services you don't use. Removing the taxes you'll have to pay for the services you do use, Just without going through the IRS.
You can buy your own coffee with that ad revenue. 60% of Americans living in the US don't have 1000 in the bank for emergencies.

I wish President Trump would also utilize lessing Medicare costs by restructuring allowing seniors to take advantage of medical care outside of the US and using some form of subsidy to pay for care which is much more economical. This would also lessen the costs to the Medicare system. There are other benefits, I believe, that helping seniors relocate, would be benefical to the US as well as allowing many seniors to live comfortably in their last years.

Can you tell me the real and honest difference between an “Expat” and an “immigrant”? Not starting an argument…just curious 😊. Because you are in our country and the term differs from how northerners call us when we decide to move to their land.

What if they cut off your social security!

Europe pays 20% sales tax plus higher income tax. The next government will keep the new import based sales tax and re introduce personal income tax. This is a Trojan Horse.

No it's not an incentive to leave, most countries will impose a higher total tax burden than the US. I've been an Expat in Europe all my life, e.g. gas, petrol cost $8.50 gallon here, 50% is tax.

I agree. The US health care system is very broken. Like big pharm,, so be it doctors, insurance companies, or any other medically related industry, greed has far surpassed regard for human care. We all have seen this coming for decades. Unfortunately, greed in all areas of life is the norm. There are the elite and the rest of us. The system needs a major overhaul or there will be a global new world order. I don't think one needs to be a rocket scientist to figure this out. Personally, I truly don't know the answer to the problem and I also know that no one person does have the answer. We can only pray that all of those in power will seek to right things.

you are a babbling idiot that does not understand tax law or moving money from one country to another

Im an expat living in Asia. Was planning to come back to the US , but now, there is no way my family and I will return and give my taxes to a clown and his circus. I dont want to contribute to his golf habits, and the habits of all felons he is putting in his cabinet!

Great, as always, thanks for all the information.

I suppose no longer need Medicare as an exspact

Costa Tica changed to a VAT system.

Trump will do only for the rich that lives outside the united state. It's a trick... A trump lie

Really great insights!

its all pie in the sky at this point. he ran on a platform of abolishing taxes basically!

I lived outside the US for six years. Just came home 14 months ago. Have been disappointed and shocked at how much the US has changed. As a senior, the medical care since returning has been so incredibly poor as well as blatantly insulting. I pay for Medicare B in addition to the best supplemental insurance available. The care and cost, which was out-of-pocket and very affordable while outside the US was far superior to the care I have received since returning. Seniors, unless wealthy, are now regarded as useless, and not even worthy of the benefits earned working most of their lives. In the countries I have spent time in, seniors are still treated with dignity and respect. What does this say about America? Side note, I was required to have passport, have security clearance and pay all required fees to enter other countries. I was not greeted by customs who did not check all requirements were met and then offered free accommodations, food, medical care and transportation as are others entering the US. There is something very wrong with this picture.

Hey Scott, good introduction to tariffs. Looking through the comments I really feel that most folks only look at one side of things. It is true that prices would go up on IMPORTED products. Most of what folks consume as an imported products don’t cost much anyway, so a 60% tariff on a $10 product, which would drive the price up to $13.60. Yeah, I get it…it costs more. So buy American made products instead…help out Americans instead of other countries. The other point I’d like to make is the Billions of tax payer funds that are sucked up each year funding the IRS and the Billions of dollars Americans spend each year filing taxes, money we spend on tax attorneys to represent us in audits, and funding weapons for IRS agents. America had a very successful tariff system prior to the scrapping it for the IRS. People, just keep in mind change is hard…we owe it to ourselves to give it a chance. God knows it isn’t working for anyone but the government now. 😢

Would billionaires even the pay sales taxes or get loopholes when buying boats and cars?

So the guy that 1/2 the country voted for that was supposed to to magically cure inflation, is about to cause the greatest inflation the USA has ever experienced. It just keeps getting better and better 🤣🤣🤣🤣

Hi Scott what is it like living Nicaragua im currently living in Ecuador I liked the video regarding the taxes for expats

I lived & worked in Germany for 20 yrs. & paid German taxes & only had to "report" my income to the IRS. I paid zero US taxes.

Expat = illegal immigrant

Thank you for explaining this......

Great information. I subscribed because I'm in the beginning process of becoming an expat. I have a lot to do but it will be worth it!

Your explanation of the taxes and tariffs was really helpful. Thanks so much!

All his plans: tax cuts for the rich, tarriffs and deportations are inflationary! So much for decreasing the federal deficit. We are screwed

People don’t understand that the current inflation is due to the last administration.

Trump is a liar..he lies and lies and lies and lies..

None of this is going to happen. There is no money to pay for it

This was extremely helpful. Thank you so so much!

10% of population does not consume as much on sales as the 90%

I am 12 minutes into your video and you have not provided a single concrete change that Trump is planning to benefit expats. By the way, tariffs are not beneficial to expats doing business, so your reading of the political trend is incorrect. The title of this video is a lie, and you have wasted my time ✌️

@Scott Alan Miller - How long in Nicaragua? Have you lived in any other country? What are the things about Nicaragua you and your family like best and find superior to the US?

Hell yeah. Anything to get away from the orange menace.

Will strong tax incentives help you to make the decision to move abroad and become an expat in 2025?