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Old 02-01-2010, 03:29 AM  
SweetT
Shank-A-Potamus
 
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Join Date: Jan 2002
Location: Atlanta, Georgia USA
Posts: 1,756
I must apologize about my response above....I guess I read too much into this thread because I thought this conversation was how to get the money in the country WITHOUT PAYING TAXES ON IT. Jim is absolutely correct, you can bring in as much money as you want to....there is no limit....as long as you declare it.....but know with certainty that any money over $10k that you declare WILL BE TAXED based on how and where you obtained the money. If you tell them you won it gambling, for example, you will be sent a 1099 for gambling winnings and unless you can show losses that total more than $10k you will absolutely have to pay ordinary income taxes on it (some of the highest taxes there are). If you can prove that it is dividend income, for example, then you will pay 15% Dividend Taxes on it as long as the country has a tax treaty with the US.

Sorry if I was misleading in my previous post...it was not my intent.


--T
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