Quote:
Originally Posted by Gotadimple
Under the heading Disadvantages:
The tIRA distribution would be taxed twice.
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The context is the initial tIRA distribution would occur this year. A year in which I'm not living in Taxlandia and thus not subject to their taxes.
Maybe if you'd quoted this:
>- TA distributions may push my US income beyond the 12% bracket. The tIRA distribution would be taxed twice.
You would have seen the cause and effect money flow of: tIRA distribution to TA to TA distributions as taxable income.
FYI, taxed twice is not double taxation. Consider a US tax bill of 5k and a Taxlandia tax bill of 15k on the same income. That's taxed twice. Paying 20k is double taxation. Paying 15k to taxlandia, then the US giving a 5k tax credit is taxed twice with a tax treaty that prevents double taxation.