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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (352215)	3/5/2010 4:32:54 PM
From: Nadine Carroll	2 Recommendations Respond to of 794130

so I'm am one of those many who "don't understand what's in the bill", but something tells me I'll pay more in taxes each year and get zero. Since the bill has four years of taxes before any benefits begin, we'll all be in that boat if this monstrosity passes.

To: Elroy who wrote (352215)	3/5/2010 4:32:57 PM
From: KLP	Read Replies (1) \| Respond to of 794130

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...