American Citizens Living Abroad: Obamacare Repeal Would End Unfair Imposition of Net Investment Income Tax On Expats

The Republication  plan to repeal and replace Obamacare with Trumpcare would end the 3.8 percent  net investment income income tx, which has led to unfair double taxation for Americans living and working overseas since foreign tax credits are not permitted to offset the tax, according to a press release of American Citizens Abroad.

See full press release by clicking Surtax on Americans living and working overseas will end with reforms to the Affordable Care Act..

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.