Cascade Communications (CSCC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cascade Communications (CSCC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sophia Ashley who wrote (2093)	2/9/1997 2:04:00 AM
From: A. Fineigler	of 3743

If you're a US citizen (or permanent resident) I believe you have to pay taxes on earnings (inc. capital gains) no matter where in the world you get them from. There is a $70K allowance before income taxes begin if you live and work abroad. I don't know how it works if you live/work in the US and get capital gains from overseas, but I believe they are taxed the same way as US capital gains. (Run Turbotax with a theoretical Greek capital gain and see what difference it makes saying it's Greek vs saying it's US source) The US is unusual in this respect. Most (all?) European countries only tax you on earnings if you reside in that country or earn in that country. I think that's also largely true in Asia. Uncle Sam is pretty enthusiastic to help lighten your wallet, with hands reaching into pockets around the world. Surprised our gov't hasn't found a way to tax foreigners living/working in their own countries yet. :-) Anyway, you might want to check out the tax angle more closely if that's one of the reasons you're interested in the Greek market. Regards, AF

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next