Quote:
Originally Posted by synthia
Bev - I thought I said that the option of paying US taxes was only available to those who had transferred to Germany.
When did they change the earned income stuff? That was a really nice break, having the taxes start on my interest and dividend income as if that was my sole income, thus letting me have that money tax free since it was less than the standard deduction and personal exemption.
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Even for those who transfer to Germany with a US company, it's not an automatic option.
The earned income thing changed for the 2006 tax year. (Caught me completely by surprise, too.) I'd love to see how much tax revenue they actually get from overseas taxpayers, since they seem to be on a campaign of squeezing them for as much as they can lately. Every few years someone raising the bright idea of doing away with the overseas earned income exclusion altogether.
Cheers,
Bev