Originally Posted by
FLMD11CAPT
Lets see........that "small" exempted amount of 80K puts approx. $21,600 back in your pocket instead of paying it in tax to Uncle Sam. Couple that with the $4500/mo COLA we are hearing about...4500 x 12 = $54,000, $54,000 + $21,600 = $75,600. Hmmmm......might defray "some" of the costs of living in HKG/CDG.
Yeah, into your pocket and right back out of it in the "tax equalization" scheme we are hearing about.
And where'd ya hear that $4500/month figure?