How Will Expats Vote in 2024?
Donald Trump’s recent promise to lower taxes for Americans living abroad is stirring interest among expatriates ahead of the 2024 election. With the issue of “double taxation” having long been a point of contention, this proposed reform could spark increased political engagement among a demographic historically known for low voter turnout.
Greenback Expat Tax Services recently surveyed US expats to identify the issues that matter most to them, whether tax policy changes drive their voting intentions, and if a lighter tax burden could encourage some to return to the US.
Key Takeaways
- 78% of expats plan to vote in the upcoming election.
- More than 50% of expats are likely to vote for a candidate who promises to reduce their US taxes.
- 50% think US tax reforms will increase expat voter turnout in 2024.
Study Findings:
- Nearly 8 in 10 expats (78%) plan to vote in the upcoming election, including 86% of Democrats and 64% of Republicans.
- 71% believe the current US tax policies for expats aren’t fair.
- 13% said changes to US tax policies would make them more likely to keep their US citizenship.
- 17% said a reduced tax burden would motivate them to move back to the US permanently.
Top Way Expats Manage Their US Tax Obligations
- Utilize tax credits/deductions: 55%
- Work with a tax advisor: 31%
- Shift income/assets strategically: 17%
- Avoid filing (non-compliance): 10%
Methodology
We surveyed 230 US expats living abroad to explore their voting intentions for the upcoming 2024 election.
About Greenback Expat Tax Services
Greenback Expat Tax Services is your trusted partner in navigating the complexities of US taxes while living overseas. We provide expert guidance, tailored solutions, and a seamless digital experience to help expatriates stay compliant with ease.
Fair Use Statement
Feel free to share this article for noncommercial purposes—just remember to link back to this page so others can explore the findings.
