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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (98207)	5/14/2003 1:00:15 PM
From: Brian Sullivan	Read Replies (2) \| Respond to of 281500

US Citizens living and earning abroad have, since the early '80s, benefited from a US$80,000 tax exclusion, referred to as foreign-earned income exemption. Basically, the first 80 thousand are tax-free. The Senate in its version of the tax bill contains this as one of the "offsets". (i.e. tax increases, closing tax loopholes, take your pick) The House version does not contains such offsets and it also a much larger tax cutting bill. The two bills have not been reconciled. Also for Americans working in high tax countries such as France and Germany, you still get a tax credit for taxes paid to your host country, so you would not likely be liable for any new taxes. Workers in tax free countries such as found in the Middle East would be subject to US taxes. You could make a good case that US workers overseas do require the US military for their protection (especially US workers in the Middle East), so these people should be paying some taxes. Also the US does not allow you to revoke your citizenship so you can't legally evade paying taxes.