View Single Post
  #7  
Old 11-22-2005, 10:54 AM
KaneKungFu123 KaneKungFu123 is offline
Senior Member
 
Join Date: Feb 2005
Posts: 1,026
Default Re: Question about taxes.....

[ QUOTE ]
[ QUOTE ]
$173,000


[/ QUOTE ]
Kane, I dont know anything about taxes in USA but isnt it possible to have resident status in another country being under their jurisdiction ?
173k is quite a prize to pay for voting right in a country you dont even live in...

[/ QUOTE ]

Ive heard in a few places that the United States is the only country that taxes its citizens working abroad. If I file as a Pro I can take an 80k foreign earned income deduction, but will lose the 1/2 SE tax deduction (which would be about a 15K deduction), and can probably expect the IRS to audit me and try to take this deduction away.
Reply With Quote