I'm considering a job offer in the Netherlands. As a US Citizen, I would be eligible for the 30% ruling in the Netherlands, which reduces my tax burden there. What I'm curious about is how this may affect any taxes I pay in the US.
I understand that as a US citizen I must file a US tax return, but that tax treaties will likely reduce or eliminate my tax burden in the US. Realistically, as a US citizen working in the Netherlands, what will be my US tax burden? 0 or negligible? Will I be required to pay US income tax on the 30% of my salary that is not taxed in the Netherlands? Is it far more complicated than all this?
If it matters, I own no property or any other source of income in the USA. I have a small IRA account, but that doesn't pay taxes until retirement anyway.