Quote:
Originally posted by MJH
It is my understanding that any US citizen is liable to tax on any income earned worldwide over $72,000 USD per year whilst offshore.
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Yes that is exactly right...but WHY??? If I already pay tax on the income in the country where I reside, why should I have to pay tax to a country where I'm not living/working?
Granted at the moment I'm not raking in more than $72000 p/a so it isn't an issue but it is always a possibility.