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Latest revision as of 22:53, 31 August 2026

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 memek. Foreign residency or extended periods abroad from the tax payer is often a qualification to avoid double taxation.

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Contributing an insurance deductible $1,000 will lower the taxable income for this $30,000 each person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 each year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount of!

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Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all of the hyperlinks are kept whole.

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