well then you clearly still have things inside the US that obviously you would be accountable for paying tax on.
There is nothing normal about not having to pay tax on up to $104,000.
If you are paying 20% then you either don’t qualify for foreign earned income which means your comment is irrelevant or you make so much money that I sure don’t have sympathy for you complaining about taxes and maybe you should be paying more.
Also it seems the way you are structured that you wouldn’t even qualify for foreign earned income. Unless I am understanding your comment wrong.
House in the states, kids in private schools etc..
If you are self employed you only pay 15.3% in taxes to the US, unless you make more than $104,000.
If not self employed then anything under $104,000 that is considered foreign earned(ie you are living out of country) then you dont pay tax on that. Anything over the $104,000 you pay tax on at the percentage of your tax bracket for gross income.
If you pay taxes in another country other than the US it is deducted from your tax liability in the US.
So basically most people that are not self employed don’t pay any tax or barely any.
Typically only the self employed get stick still paying US taxes.
haha very true. I’m currently in Vietnam for the last two years. Was thinking of coming back to Thailand. I miss the islands and fitness scene. Everything is open here except for the many places that had to close due to losing their income during lockdowns. They may be opening borders here in Vietnam in December. This is just a rumor. Thanks for the information ✌️
yeah I think they may be the only legal one given permission by the government to be considered a school for education visa. The other I know of is in Bangkok.