SURPRISE - more tax for you!

[calikev]

ha! i read the first post as you being about 18, sorry 'bout that!.....i'm sure you've even seen some bigger changes than i have!!!! i just wonder why most everyone else doesn't notice....

HA! I said retire in 25 yrs too. That's the age they will give me the SS money, but certanly not my goal.

I remember being a late teen and in my early 20's and getting a job wasn't a thought. I worked at UPS with my best friend when I was 19 and home for the summer from college. He and I both hated it! We quit on the spot one morning and walked out together. On the way home we stopped by J.Crew and put an app in. We asked could we talk to someone then. The HR mgr came out interviewed us both right then and hired us both on the spot! Crazy right? We quit a good job and got another on the way to his house to get drunk and hang out. The pay was $11/hr and that was 1990. Companies are still paying that now and think it's a fair rate to load trucks and do hard blue collar work. Thank God I continued and educated myself.

Aghhhhh the good ol' days

 

[Sarahaw]

US expats have a dire problem of double taxation. And it doesn’t spare those who become dual citizens without their consent, such as those born of American parents in a foreign land. The tax treaties the US has signed with several countries only seem to largely protect from double taxation the foreigners living and working in the US more than the US expats residing abroad. The US tax treaties do not reduce taxes on US expats’ worldwide income but they can take advantage of exemptions such as FEIE which exempts from taxation the first around $100k of annual income, or the Foreign Tax Credit, which lets one claim US tax credit equivalent to the tax already paid in the foreign tax returns. However, most of the tax treaties do prevent you from having to pay US taxes on foreign-sourced dividend, interest and royalties income if you have already paid taxes in your resident country.

 

[zcruiser]