FlyerTalk Forums - View Single Post - Expats???
Thread: Expats???
View Single Post
Old Oct 17, 2002 | 7:14 am
  #32  
stimpy
FlyerTalk Evangelist
25 Years on Site
 
Join Date: Feb 1999
Location: Seat 1A, Juice pretty much everywhere, Mucci des Coins Exotiques
Posts: 34,337
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by hfly:
You need much better tax advice. Many people I know are able to "choose" whether they pay US or UK taxes and in the case of France I know of some people who are able to "escape" taxes for about six months of their income.</font>
As I recall (I'm not a CPA), U.S. law allows expats to only pay taxes on the first $80K. After that, you don't have to worry. Also, you get foreign tax credits which can be used in the future.
stimpy is offline