I spoke to a Tax accountant today actually on a pending move to RSA from USA. An option is to have your hubby listed as a contractor your tax liabaility in RSA can be zero, jus get paid to Gibraltar, Cypress or Caymans. If he is an employee then look into Tax Treaty between Oz and RSA as you could offset the tax.
Synthia, only an american can appreciate our funky tax law. The more you make the less tax rate you pay. The more creative and crafty you are the more you save. I heard on TV today Warren Buffett (third richest man in the world) Admits he pays a lower tax rate than his secretary.
Beleive me our tax law is complicated. Exemptions, exclusions, and deductions. Amazing.
|