"Mr. Travel" wrote:
>
> Greg Procter wrote:
>
> >
> > Yes, Craig, that's telling me that the US taxes US citizens and US PRs
> > on moneys earned outside the US, particularly "... and there are also
> > some credits for foreign taxes paid. "
>
> No, you still don't get it.
>
> From my understanding of this, but it was a few years ago when I was
> thinking about transferring to Brussels, so research it if you really
> want the info.
>
> If the foreign tax rate is higher than the US rate, no additional tax
> will be due.
>
> IF the foreign rate is lower than the US rate, you would pay
> (approximatelly) the difference up to the US rate, after deducting the
> excluded income amount.
So when you said "some credits" you meant "full credits"? |