- Forum: AAPL Investors
My brother is a US citizen living in Sweden. He does have to pay U.S. taxes, but Swedish taxes are deducted from it. So you only wind up paying the highest amount you would have paid in either place. At least according to him. And if that's all accurate, the only people for whom it would be practical to renounce U.S. citizenship are those who live in countries which have a lower tax rate than the U.S.