To: Tuxedo
"John Breaux, D-La., failed in his attempt to repeal a tax increase on Americans working abroad. Those workers would no longer be able to exclude the first $80,000 of their foreign income from U.S. taxes, but they could claim a credit against any foreign taxes paid." Waaah! looks like the union salaried guys that work overseas may have an interest in tax reform down the road.
62 posted on
05/15/2003 9:28:18 PM PDT by
BOBWADE
To: BOBWADE
Waaah! looks like the union salaried guys that work overseas may have an interest in tax reform down the road.
No, Bob. Not union-salaried guys. It's talking about foreign* income, not income earned in a U.S. based union job while working in a foreign country.
*Those workers would no longer be able to exclude the first $80,000 of their foreign income from U.S. taxes, but they could claim a credit against any foreign taxes paid.
68 posted on
05/15/2003 9:44:28 PM PDT by
aruanan
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