I heard that foreigners are allowed a seven year tax break, is this true?

Question

Is this the reason why when you go in a store there's always a new owner? They'll never have to pay taxes if they just pass the business to the next family member. I can't get the government to loan me three million dollars because my credit score isn't good enough and they're giving away free money, please explain to me what's really going on...

Answer 1

Foreigners get the same tax break for just being a foreigner as left-handed people do for being left-handed! None! Now that is not to say that both left-handed people and foreigner never receive some tax break. Any break that they do receive is based on circumstances that are available to any one with the same circumstances if they are smart enough to find and apply for them. Foreigners with a bad credit score are treated the same as left-handed people with a bad credit score also.

Answer 2

i attempted examining that bill, however the congress does a remarkable job of turning out to be it so unreadable that to get the excellent message is almost impossible in below 8 hours. you will get approximately 70% of the message. i did no longer see something approximately loans. The length of the "customer worker" visas (a malicious program) varies, and that i think of you could desire to have a job coated as much as get one. i do no longer think of there is any assure of having a clean visa. this is my very, very constrained information of the bill. perhaps i will study the entire element and placed up it, and the READABLE version for popular human beings, on a cyber web internet site. Oh, yet they are going to qualify for federal student help. this is BULLSH*T. stable ol' Bush shrink returned on the Federal student help software yet now needs each and every of the recent BASTAR_D immigrants to compete with our toddlers for loans and provides. perhaps they could desire to get unsubsidized loans, yet on condition that it would not pull from the same funds as those committed to electorate and stable, criminal IMMIGRANTS THAT OBEYED THE regulation.

Answer 3

Common misconception. There is no 7 year tax break for immigrants.

http://www.snopes.com/business/taxes/immigrants.asp

Answer 4

No, there is no truth whatsoever to that old recurring urban legend. As soon as an immigrant arrives in this country, all income earned here is fully taxable from day one. That applies to legal immigrants and illegal aliens alike.

Answer 5

What's really going on is that you are misinformed, foreigners do NOT get a tax break.