US Citizens living OUTSIDE the US: Where do you live & what kind of taxes do you pay?

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  • Furious_Female
    Confirmed User
    • Oct 2002
    • 8187
    #1

    US Citizens living OUTSIDE the US: Where do you live & what kind of taxes do you pay?

    Just wondering which other countries US Citizens have moved to or stay in for extended periods of time. How does your income tax work? I'm not looking for a tax haven, but I'm curious how it works with dual citizenship etc etc.

    Discuss!
    Skype: j3nn.com
    ICQ 160370494

    My current favorite high-converting sponsor: CrakRevenue
    Tags: None
    • DWB
      Registered User
      • Jul 2003
      • 31779
      #2
      If you are out of the US and earning foreign income for 360 something days (forget the exact number) you can get an $80k exemption on your taxes. Plus you can still have all your deductions. You can get exact details on the IRS web site.

      The trick is to not get double taxed by the US and the country you are living in. Your best to bank in one country and live in another. For example if your business is in Panama, as long as you do not do business IN Panama you do not pay taxes to them. You just pay to the US. Bank in Panama, live somewhere else... that sort of thing.

      Of course there are other slippery ways to reduce your tax burden...

        Comment

        • Sarah_Jayne
          Now with more Jayne
          • Dec 2002
          • 40077
          #3
          I live in the UK...I am in the process of getting my dual citizenship but at the moment I have all the rights anyway through perm residency (through my marriage). I have to pay US and UK taxes and it isn't nice but I do get free health care from it.

            Comment

            • slipfitter
              Registered User
              • Jul 2004
              • 77
              #4
              Originally posted by sarah_webinc
              I have to pay US and UK taxes and it isn't nice but I do get free health care from it.
              it's not free. they just take the money from you before you ever see it.

                Comment

                • Theo
                  HAL 9000
                  • May 2001
                  • 34515
                  #5
                  Furious_Female and sarah_webinc, two of america's most wanted

                    Comment

                    • Sarah_Jayne
                      Now with more Jayne
                      • Dec 2002
                      • 40077
                      #6
                      Originally posted by slipfitter
                      it's not free. they just take the money from you before you ever see it.
                      this is true but it was easier to say than having to explain socialized healthcare

                        Comment

                        • Sarah_Jayne
                          Now with more Jayne
                          • Dec 2002
                          • 40077
                          #7
                          Originally posted by Soul_Rebel
                          Furious_Female and sarah_webinc, two of america's most wanted

                          naw...America never wanted me

                            Comment

                            • Furious_Female
                              Confirmed User
                              • Oct 2002
                              • 8187
                              #8
                              Originally posted by Soul_Rebel
                              Furious_Female and sarah_webinc, two of america's most wanted
                              If there's a reward, I'll turn myself in
                              Skype: j3nn.com
                              ICQ 160370494

                              My current favorite high-converting sponsor: CrakRevenue

                                Comment

                                • Joe Citizen
                                  Confirmed User
                                  • Oct 2003
                                  • 4552
                                  #9
                                  Originally posted by slipfitter
                                  it's not free. they just take the money from you before you ever see it.
                                  Errrr... you have public health in the USA too (Medicaid/Medicare)... where do you think that money comes from?

                                  The difference in countries like England, Canada and Australia is that public health care is available to ALL citizens.
                                  Last edited by Joe Citizen; 06-06-2005, 05:05 AM.

                                    Comment

                                    • Theo
                                      HAL 9000
                                      • May 2001
                                      • 34515
                                      #10
                                      Originally posted by Furious_Female
                                      If there's a reward, I'll turn myself in

                                        Comment

                                        • taibo
                                          Confirmed User
                                          • May 2005
                                          • 3720
                                          #11
                                          i've never had to worry about taxes

                                            Comment

                                            • Sosa
                                              In Tushy Land
                                              • Oct 2002
                                              • 40149
                                              #12
                                              I hate fucking taxes

                                                Comment

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