I'm curious how taxes actually work for athletes. I know U.S. citizens have to file tax returns no matter where they have residence. The country of residence's tax will be accounted for, but you couldn't live in Canada or another country and say you pay no taxes. Too easy for money laundering and tax fraud.
I have U.S. citizenship, have never paid a cent of U.S. tax but still do my U.S. tax return every year.
I would assume it would be the same for Canadians, Russians, and all other countries no?
I really have no idea how taxes work, could or would it be worthwhile for an athlete to own a small shack in the cheapest state, county, city and claim their main residence there?
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