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by bwb
638 days ago
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Ya, I run into a lot of EU citizens who open companies in the USA for similar reasons... Check this out as group trying to change this -> https://eu-acc.com/ I love Spain; I want to live there and start a business there (and hire there). But I can't because my tax rate in some years will be 110% (or more) of my personal income. I was going to owe more than I made every year which blows my mind... Part of that is because I am stuck between the Spanish and American tax systems, and the American tax system seems to not recognize wealth taxes, so I can't get a tax credit for what I pay in Spain (Spain caps total taxes at 60% when combining the wealth tax with income to try to stop the problem I sketch out). I still have hope that one day I can move to Spain and this will get sorted. |
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