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To: IceShark who wrote (21534)	9/25/2000 10:50:34 PM
From: Mama Bear	Read Replies (1) \| Respond to of 436258

"But to extend on what Barb said, a portion of expat earnings are exempt from us taxes. " It's 76k now, and that has to be non US income. You couldn't (legally) put your money into T-bonds, swear off you citizenship and not pay taxes on the income. At least not for 10 years. You are correct that if you go to work for a company in a foriegn country for a local company that you get the deduction. If anyone wonders why I am so familiar with the subject, I have given the idea of emigrating serious scrutiny. It is no wonder though that the US has such a low emigration rate considering the tax implications. Regards, Barb

To: IceShark who wrote (21534)	9/26/2000 5:47:31 AM
From: maceng2	Read Replies (2) \| Respond to of 436258

IceShark, Re a portion of expat earnings are exempt from us taxes. Used to be 70k/year, haven't looked to see if that has gone up lately. By the time you added in all the tax free extras like housing allowances, education, entertainment, car, etc., Uncle Sam didn't get much out of an expat's hide. You are probably right. It's just that US nationals have a load of paperwork to complete each year and need to keep an eye on expenses, keep receipts etc. It always seemed a bit unfair to me. The USA maritime trades must be effected too. Here, if you spend more then about 220 days a year outside the 12 mile limit, you live tax free. Of course all those costs get factored in/out of the bottom line of the business that is being run. pearly