Does China nationality buy insurance and immigrate to the United States as income?

To calculate the income of overseas assets, it is necessary to declare and pay taxes according to regulations.

The United States will implement FATCA on 20 14. This law requires foreign financial institutions to submit detailed account information of American customers to the IRS. According to the FATCA implementation rules, American citizens and green card holders must truthfully declare their overseas assets exceeding $50,000 to the IRS.

American immigrants pointed out that it is a long-standing practice for the US government to tax the global income of taxpayers (citizens and green card residents, whether in the United States or overseas). According to the tax laws of the United States, anyone who lives in the United States for a long time, whether an American citizen or a foreigner holding a green card in the United States, must declare to the United States government assets exceeding $50,000 overseas (outside the United States) or savings exceeding $654.38+$0,000.

In addition, although the property declaration in the United States is relatively transparent, the tax collection is relatively fair. First of all, there is a certain amount of tax-free overseas value-added assets income every year, and only those who exceed this income need to pay taxes; In addition, there are many ways to avoid taxes reasonably. For example, you can put assets into a trust for planning, or make good use of gifts to avoid taxes reasonably.