Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (79749)	11/25/2012 10:16:10 AM
From: Bonefish	Respond to of 119362

There is a deduction for working abroad but that has to be EARNED income. Used to be $91,400 in 2009. Don't know what it is now. No break for unearned income that a retiree would get. On top of that the is are a couple of residency tests that have to met for the earned income credit. Like living outside the US for 330 days a year. So if you are a Brit or you can just shack up in Monaco and avoid UK taxes. Not so for a US Citizen or even one that rennounced US citizenship. US wants to tax you on world income. For even 10 years after no longer being a US citizen.