Some one has to start it, Americas default.

Does this exemption include exempting you from FICA as well?

How about investment income? Is that exempted too?

 

Heres a little link you ******* may find interesting. Its the speed of the extradition that raised my eye brows. His feet did'nt touch the floor.

http://www.phuketgazette.net/news/detail.asp?id=10838

 

No and no
unfortunately

If I were an migrant farm worker from over the boarder then yes, ridiculous as that seems

it just covers me for hauling stuff down the road, I have completely different regulations than everyone else. I still have to have insurance and all the normal stuff but I can haul just about anything of just about any size, as long as I find a way to call it farm related

 

The short answer to your FICA question is that generally you don't have to pay it if you're on the payroll of a foreign company while abroad, but you do if you're working for an American company. But it can get pretty complicated, especially when you stir in the local tax laws where you're working. Here's a pretty good overview of the subject:

http://www.cbh.com/news/newsletter_details.asp?id=331

I think the offset for foreign taxes paid includes any type of income tax. But since investment income isn't classified as 'earned income' for tax purposes, the $91,500.00 earned income exclusion wouldn't apply to it. Earned income is wages, salary, tips, commissions, bonuses...

And of course, consider all the usual disclaimers made. I'm not a tax expert, an accountant, or an attorney. Don't rely on what I've said when you sit down to fill out your tax forms....

 

An article in a conservative Swedish newspaper on the credit rating of the USA roughly concluded that:
- The credit rating considers the ability of the USA to repay loans on time. It's not a judgement on the state of the US economy.
- Because the loans are in US dollars, there is never any reason to default; just print more dollars if you need. The fact that the value of the dollar will be eroded doesn't affect the possibility to repay loans that are in dollars.
- There is a definite risk that political obstruction from the congress (presidential election approaching) blocks the possibility to print more dollars if needed, so the political risk would be the reason to downgrade USA.

Another observation in the article was that missmanaged Euro-countries don't have the option to print more Euro so Greece, Portugal, Italy etc. are greater risks even though the US economy might be equally missmanaged.

Erik

 

http://www.businessinsider.com/sec-...stigations-involving-banks-hedge-funds-2011-8 HUH?
______________________________________
and this relating to a black-out on Sr Ron Paul - I cannot see it here in Australia - further blackout - NO FREEDOM OF EXPRESSION?
http://www.thedailyshow.com/watch/m...corn-polled-edition---ron-paul---the-top-tier
http://watch.thecomedynetwork.ca/#clip515938
could someone please explain what is happening? - - an email answered? - - www.globalresearch.ca/index.php?context=va&aid=26062 "More Lies. More Censorship. More Wars."
______________________________________
So... What is the opinion on all this? - - I hold Ben Davies in high regard... http://www.gata.org/node/10291 "Gold to hit $2,100 by year-end but silver is better trade, Davies tells KWN" BUT, what will it be in Au$ terms???
______________________________________
sone funnies? from http://www.caseyresearch.com/gsd/ed...d-back-great-scramble-physical-metal-starting

 

WHAT???????

Trump, Maddoff, Buffet, will be very pleased to hear that.

If you can show a link for that I will show my arse on the police station steps.

 

What are you getting so excited about? 'Earned income' is money you make in return for your time and your services. In the most basic sense, it's what you bring home by the sweat of your brow -- or at least by physically putting in your time.

'Unearned income' is money from sources other than employment. It includes (but is not limited to) the following:

Interest & Dividends
Capital Gains
Retirement Income (IRA distributions, pensions, and annuities)
Rental Real Estate Income
“Passive Income” from partnerships, S corporations, trusts, and estates
Unemployment Compensation
Social Security Benefits
Gambling Winnings
Cancellation of Debt
Excluded Income under Foreign Earned Income rules
And a few others…

As a general rule, American income tax rates, rules and regulations are more favorable to unearned income than they are to earned income. Someone who sits on his arse, letting his money do the work for him, pays less income tax on the resulting profits than the guy who goes out and busts his butt for every dollar he brings home.

Trust me... Buffet, Madoff and Trump have known this for years, and take full advantage of it. In fact, the 400 richest Americans pay a smaller percentage of their income in taxes than I do.

At least Buffet is honest enough to admit that he and his fellow super-rich taxpayers are figuratively getting away with murder....

http://www.progress.org/barnes22.htm

http://www.providentplan.com/1699/what-is-earned-income-what-is-unearned-income/

 

Its all upside down then A man a who goes out and busts a gut working needs to from necessity .


A man that has already got money to invest in the stock roulette market has so much he does'nt care about loosing a bit.

Which one needs taxing? or in other words which one has money to spare to be taxed.

I thought you were against taxation.

 

But the gubmint ain't against taxing those who cannot fiddle the books relating to their paying tax

 

I agree with you that our tax system is upside down. We can thank Bush for a fair amount of that, but the bias existed long before he came along..

But where did you get the idea that I'm against taxation as such? Do you see a teapot on my head, in my avatar?

I have strong opinions about who should be doing the heavy lifting, basically summed up as "those who profit the most should pay the most." But it's obvious that in the long run, a government needs revenue to function. You can't get something for nothing -- in spite of the claims of supply-side economists, who try to tell us that the more you lower taxes on the rich, the more money the government will collect from them.

Right. And if you leave saucers of milk out for the brownies, they'll do your dirty dishes for you....

 

Well--- theres another thing we agree upon. Ive always found it strange when people say leave the rich alone and they will employ, making business etc.

I think they invest most of it and then golf clubs and Bentleys, girls and booze, the rest they just waste.

I dont think ******* swarztnigger will be opening a car factory in the near future or any of those other grossly overpaid movie stars.

 

The gubmint gives grants to foreigners to squander but only gives Americans loans; except for those pushing gubmint doctrine. No grants for tornado demolished towns but mosques around the world get built or re-built at our expense. No such help for flattened American churches is given.

 

The US taxpayer paid for the mosques, after all where do you buy oil from Christians?

 

Who drilled the wells?