I know filing is required, but must one pay anything?
2006-12-16 23:54:12 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes they do. There are some exemptions available and some countries such as the UK have Double Taxation Relief available allowing you to only pay tax in 1 country. The rules though are manifold and complex. The US is one of the few countries to impose tax on all income from all sources for it's citizens. Most countries only tax the income derived from that country. Apparently the reasoning behind this is that being American is such a benefit that you shouldn't want to live or work anywhere else anyway.
2006-12-17 01:03:42 · answer #1 · answered by Questionator 2 · 1⤊ 0⤋
Yes, the U.S. is the only country in the world that taxes its citizens regardless of where they are. If you are living abroad, you still need to file a US tax return and pay taxes on the income you earn while overseas. You are not subject to social security taxes on that income though. The social security tax is only due if you are working for a U.S. employer and it is the employer's responsibility to withhold.
2006-12-17 07:26:26 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
At present I am paying into Korea's Social Security, but will get that money back when I leave. I am unsure about the tax or SS ramifications, but would be surprised if I had to pay in based on my income in Korea.
2006-12-17 00:00:17 · answer #3 · answered by Mark P 5 · 0⤊ 0⤋
I'm no expert, but it would seem that you don't have to pay US income taxes if you're living in a foreign country and working for a foreign employer. At least that's what I'm doing.
However, you would need to look at the details which may vary depending on where you live, what your status is (i.e., visitor or permanent resident), who you work for, etc.
2006-12-16 23:58:29 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Yawn. the two you and your brother-in-regulation quite do no longer comprehend what you're conversing approximately. that's appealing to work out 2 opposing viewpoints being as the two moronic. easily that's no longer appealing in any respect. that's basically idiotic.
2016-10-05 10:17:00 · answer #5 · answered by murchison 4 · 0⤊ 0⤋
Check this link to the Wall Street Journal for more information about this. It's much too long to copy here.
http://www.recordeaglejobs.com/articles/2006/aug/10working.html
2006-12-17 00:01:32 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Uncle Sam's arm is long and constant.
2006-12-16 23:55:19 · answer #7 · answered by Isis 7 · 0⤊ 0⤋