This would have delayed ER had it happened long ago!
New: Tax Increase Prevention and Reconciliation Act (TIPRA) Passed
...
Foreign Earned Income ... for example, if you make $100,000 while working in a foreign country this year, $80,000 of that will be excluded from being taxed by the U.S. government. However, under TIPRA, you will now be taxed at the $100,000 tax bracket for the remaining $20,000 of your income as opposed to only being taxed at the $20,000 bracket in the past.
There is more, and it's not pretty...
http://www.hrblock.com/taxes/fast_fa...aoverview.html
__________________
Often uninformed, seldom undecided.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. Mark Twain
|