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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
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Join Date: Oct 2002
Location: Upstate, New York
Posts: 8,187
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![]() 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.
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Skype: j3nn.com ICQ 160370494 My current favorite high-converting sponsor: CrakRevenue ![]() |
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#2 |
Registered User
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Join Date: Jul 2003
Location: Encrypted. Access denied.
Posts: 31,779
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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... |
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#3 |
Now with more Jayne
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Join Date: Dec 2002
Location: Los Angeles
Posts: 40,077
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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.
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#4 | |
Registered User
Join Date: Jul 2004
Location: Pimpin' all over the world
Posts: 77
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#5 |
HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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Furious_Female and sarah_webinc, two of america's most wanted
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#6 | |
Now with more Jayne
Industry Role:
Join Date: Dec 2002
Location: Los Angeles
Posts: 40,077
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#7 | |
Now with more Jayne
Industry Role:
Join Date: Dec 2002
Location: Los Angeles
Posts: 40,077
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Quote:
naw...America never wanted me |
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#8 | |
Confirmed User
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Join Date: Oct 2002
Location: Upstate, New York
Posts: 8,187
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Quote:
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__________________
Skype: j3nn.com ICQ 160370494 My current favorite high-converting sponsor: CrakRevenue ![]() |
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#9 | |
Confirmed User
Join Date: Oct 2003
Posts: 4,552
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Quote:
The difference in countries like England, Canada and Australia is that public health care is available to ALL citizens. |
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#10 | |
HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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Quote:
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#11 |
Confirmed User
Join Date: May 2005
Posts: 3,720
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i've never had to worry about taxes
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#12 |
In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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I hate fucking taxes
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