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> For Americans, ... you then get 300k$ a year salary with quite bit lesser taxes and other perks. American citizens re still liable for US (federal) income ta
by anamax 16y ago
> For Americans, ... you then get 300k$ a year salary with quite bit lesser taxes and other perks.
American citizens re still liable for US (federal) income taxes on foreign income. There's an exemption of something like $90k and credit for taxes paid to wherever they are, but someone with a $300k salary would owe significant US taxes.
Note that many deductions are not available to non-residents.
- akshayubhat 16y agohmmm thats interesting, Indian citizens dont need to pay any tax on income abroad.
- abalashov 16y agoNot true of countries that have bilateral tax treaties with the US exempting a higher amount than ~$90k, as for example many Western European countries do. I doubt the United Arab Emirates has this arrangement... just saying.