Tax Policy Economic Benefits Of Income Exclusion For U S Citizens Working ...

Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Tax Policy Economic Benefits Of Income Exclusion For U S Citizens Working Abroad Are UncertainISBN13:9781543112948ISBN10:1543112943Author:Accountability Office, U. S. Government (Author)Description:(This is a RePrint) - For Tax Year 2011 (The Most Recent Data Available), An Estimated 445,000 Tax Returns Claimed The Foreign Earned Income Exclusion (Feie), Which Is 0 3 Percent Of All Individual Tax Returns Filed About 17 Percent Of Feie Filers Also Claimed The Foreign Housing Exclusion Or Deduction Over Half Of Feie Filers Reported Working For A Foreign Employer, And Less Than One-Third Reported Working For A U S Company; The Balance Reported Working As Self-Employed Or For Other Entities Taxpayers Were Able To Exclude From Taxable Income About $30 Billion In Foreign Earned Income And Housing Costs, With About 45 Percent Excluding All Or Most Of Their Foreign Earned Income The Feie Reduces The Tax Liability Of U S Taxpayers Working Abroad Even If They Paid No Foreign Income Taxes To Another Country U S Taxpayers In Higher Tax Countries Can Eliminate Their U S Tax Liability Using The Foreign Tax Credit, Which Is Intended To Prevent Double Taxation When Foreign Income Is Taxed By Both The United States And A Foreign Country Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2017-02-14Weight:0.49 lbsDimensions:0.18'' H x 11'' L x 8.5'' WNumber of Pages:86Language:English

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Location: USA

End Time: 2024-10-03T08:39:33.000Z

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