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Fred's Boys Let Him Down
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<blockquote data-quote="vantexan" data-source="post: 865328" data-attributes="member: 24302"><p>Except the first $90k or so an American citizen earns annually overseas is exempt from American taxes. We're one of only 2 countries that requires it's citizens to pay income tax while living outside the country. Thus if a pro tennis player moves to London, makes a million in prize money, is outside of the U.S. for 330 days, he's on the hook to the IRS for taxes on over $900k. If he's out of the U.S. for 329 days it's all taxable.But I digress. Step up corporate America. The people you exploit need you.</p></blockquote><p></p>
[QUOTE="vantexan, post: 865328, member: 24302"] Except the first $90k or so an American citizen earns annually overseas is exempt from American taxes. We're one of only 2 countries that requires it's citizens to pay income tax while living outside the country. Thus if a pro tennis player moves to London, makes a million in prize money, is outside of the U.S. for 330 days, he's on the hook to the IRS for taxes on over $900k. If he's out of the U.S. for 329 days it's all taxable.But I digress. Step up corporate America. The people you exploit need you. [/QUOTE]
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