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OTOH, isn't there a poverty-line amount in USA that makes some income level practically tax-free (through deductions, etc.)? I imagine that in most countries $1
by dragandj 6y ago
OTOH, isn't there a poverty-line amount in USA that makes some income level practically tax-free (through deductions, etc.)? I imagine that in most countries $15.000 / year is a rich person's income, while in USA it puts you under "starving". What I want to say, if you're living in, say, Kazakhstan, earning a good fat paycheck of $1000 a month and living like a king, shouldn't you file "I'm starving poor at $12000" to the IRS and get zero taxes, or, perhaps, even some food stamps or something like that?
(Just guessing, I don't have experience with this)
- deleted 6y ago[deleted]
- Mediterraneo10 6y agoKazakhstan is not a cheap country, at least not the cities of Almaty and Astana where foreigners are likely to live. They regularly appear on "Most expensive cities" lists. Social Security and Medicare is paid by American workers regardless of their total income. That is, there is no poverty limit under which they do not have to send that money to the IRS.
- dragandj 6y agoAccording to google, the average salary in Kazakhstan is 212894 KZT/month, which is $500. How much does an American worker making $500/month have to pay to the IRS for SS and Medicare?