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To: FromTheSidelines

RE: the US and Eritrea are the only two nations that tax based upon citizenship, not locale

Interesting. Can you share with us your sources for this information?


32 posted on 09/21/2011 8:58:21 AM PDT by SeekAndFind (u)
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To: SeekAndFind
Source.

Also, as a guy who's worked internationally a few times - and has several acquaintances and friends here in the US who are from foreign nations - I've confirmed it first-hand. My friend from Germany (and still a German citizen) who works at Microsoft doesn't pay German income taxes; only US taxes. But when I worked in Germany for 9 months I paid both US and German taxes.

We're pretty unique in that regard - you earn a dollar anywhere in the world, and even if you don't step foot in the US for the entire year, the US still wants a cut of your income - or proof that you gave taxes (at least equivalent to what you'd pay in the US) to someone else, on your first $107,000. Above that point - you get to pay foreign and US income taxes guaranteed.

Oh, and if you spend more than 35 days a year in the US, you don't even get to deduct those foreign income taxes you paid. Full double-taxation - your foreign domicile and US. Better plan your business trips and vacations back to the US with care, because staying here 1 day too long could cost you $30,000 in taxes.

33 posted on 09/21/2011 10:08:26 AM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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