I will be retiring in one year.
I have heard some forghen counties do not tax pention income
2007-11-14 02:18:23 · 3 answers · asked by russell k 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
If you are a US citizen you will still need to pay US income tax regardless of what country you go to.
2007-11-14 03:13:27 · answer #1 · answered by ? 6 · 1⤊ 1⤋
Doesn't matter. If you're a US citizen you'll pay US taxes on it regardless of where you live. Bahrain, UAE, and Monaco have no income taxes. Good luck surviving in any of those places on a typical US pension, however. And getting a resident visa will take a substantial investment on your part, typically in the millions for each of those places. (And you may have to convert to Islam in Bahrain or the UAE to get a permanent resident visa.)
2007-11-14 03:26:14 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Ireland does not tax foreign income.
2007-11-14 02:33:31 · answer #3 · answered by CHARLES R 6 · 0⤊ 0⤋