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Old 09-02-2008, 08:45 AM   #9 (permalink)
mike734
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Joined APC: Mar 2005
Position: Ca B737
Posts: 1,647
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Quote:
Originally Posted by Skyone View Post
A little late to the discussion but there are two tests about the taxes. One, if you are out of country for around 330 days a year (check exact day number) you get the 87 grand or so tax free. The other is if you are a legal resident of another country, once you have been gone for a whole tax year, Jan-Dec, you get the 87 grand deduction. Just a start.
Just remember you must file to get the exemption. BTW the US is one of (if not the only) country that taxes their citizens on world wide income. If you decide to retire to another country you are still required to file and pay taxes on your income.
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