Most people, including many FAIRtax volunteers, don't realize that the United States is the only country in the world with citizenship-based taxation as opposed to residency-based taxation. As a result, American citizens living abroad are taxed by both their host country and the American IRS. It's a really complicated situation that often leads people to renounce their American citizenship.
John Richardson is an attorney living in Canada. He specializes in helping American citizens caught in this taxation trap. John joins the FAIRtax Guys to discuss the nightmare that the income tax system inflicts on these Americans and how the FAIRtax would fix everything.
Join us for this next interesting and informative episode of FAIRtax Power Radio, streaming live on the FAIRtax Official Facebook page and the FAIRtax Guys YouTube channel Tuesday July 5 at 8:00 Eastern time.