International Living Videos
Big Beautiful Bill: Who Pays the 1% Tax?
Ted Baumann answers your top questions about the new 1% tax on money transfers abroad — part of President Trump’s One Big Beautiful Bill that’s now been signed into law. In his last video, Ted explained how this provision — originally proposed at 3.5% — could affect expats, green card holders, and anyone sending money overseas. Now he’s back with a clear, honest follow-up to tackle the real questions you’ve been asking, including: