Thanks Elroy....Does that mean that:
Let's say you make equivalent: $250,000 US
You get a US deduction of minus $ 80,000 US
Leaving income of approx $170,000 US
then you pay tax in the
foreign country you live in
of say....30% of what was left. $-%51,000
Leaving you approx income of $119,000 US
If you live in the US and make
$250,000 with tax of 39%, that leaves $152,000....
Are my numbers close to accurate here?
Of course, even if they are, the US taxes just about everything else under the sun, in addition to the Income Tax....State income taxes, local sales taxes, school taxes, property taxes, etc etc etc... |
