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truebluegreen

(9,033 posts)

13. The US allows expats to exempt the first--I think--$95,000 in income per year

Reply to alp227 (Original post)

Wed Mar 19, 2014, 10:57 PM

Mar 2014

earned from foreign sources (provided local taxes are paid), the remainder of that income plus everything earned in the US would be subject to US taxes--whether or not one spent time in the US. The US is perhaps the only country to tax income by country of origin (yours, not the income) rather than country of residence.

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Ever heard right wingers spreading the story of Johnny Depp leaving France due to taxes? [View all] alp227 Sep 2012 OP

No it wouldn't be over 100%, nor could it dems_rightnow Sep 2012 #1

correct. reduces your tax exposure dollar for dollar. NYC_SKP Sep 2012 #2

good to know, i think i would probuably give up my US citizen if i moved to europe and had to pay US loli phabay Sep 2012 #11

Of course after deductions and write-offs that the rich here get... jenw2 Sep 2012 #3

when did i ever defend that fact? alp227 Sep 2012 #4

Didn't he break up with his long time French GF, Vanessa Paradis? MrScorpio Sep 2012 #5

yeah that's true as well, but he broke up the year after that interview. alp227 Sep 2012 #6

#1-Depp has owned an island in the Bahamas since 2004. Honeycombe8 Sep 2012 #7

I agreed with almost everything you said truebluegreen Mar 2014 #12

US would let Depp reduce US tax by French tax Cicada Sep 2012 #8

Usually income earned in France would burrowowl Sep 2012 #9

How would I respond? "Where are Romney's tax returns?" WinkyDink Sep 2012 #10

The US allows expats to exempt the first--I think--$95,000 in income per year truebluegreen Mar 2014 #13