If both myself (dual citizen usa/australia) and my husband (us citizen) are living in Australia and we each make over $150,000USD per year - are we really in a bad spot with US taxes and getting double taxed since we make quite a bit more than the Foreign Earned Income Exclusion (FEIE) allows for? Hard to understand how we would have any money left :(

  • Is renouncing US Citizenship an option? – FiringSquadWitness Nov 5 '19 at 18:29
  • With how high the exclusion is and how low taxes are, your net income would still be several times my gross income.... – xyious Nov 6 '19 at 17:44

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