On Tuesday, July 9, 2002, at 06:30 PM, Anonymous wrote:
On 9 Jul 2002 at 14:02, Tim May wrote:
Unless one's stay is a short one (see below), income or other money earned while in the U.S. (and maybe earned outside the U.S. if the IRS can make a nexus case) is taxable.
The question really is: Suppose one becomes a US citizen, and then resides outside the US. Then is money on earned on assets outside the US taxable by US authorities.
Yes, but under expat tax rates. Cf. the IRS site, tax regs, etc. for details. Something like the first $70K per year of income is not subject to taxes. Companies routinely protect their overseas employees by tax-protecting their offshore earnings. (And the tax protection is protected, so the companies protect _that_, etc. Fortunately, simple formulas for infinite sequence limits are available.) As this is not a tax forum, and I'm not going to do research for others, consult the Web. Google is your friend. --Tim May "As my father told me long ago, the objective is not to convince someone with your arguments but to provide the arguments with which he later convinces himself." -- David Friedman