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Revision as of 13:41, 25 July 2026

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There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee pay. Foreign residency or extended periods abroad among the tax payer is really a qualification to avoid double taxation.

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My personal finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax in 2010 $10,170. My increase for the 10-year plan would go to $18,357. For that class warfare that the politicians in order to use, I compare my finances towards median figures. The median earner pays taxes of 2 . 5.9% of their wages for the married example and 5.3% for the single example. I pay 3.7% for my married income, which can 5.8% in excess of the median example. For the 10 year plan those number would change to.2% for the married example, 11.4% for that single example, and 13.6% for me.

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