The Tax Benefits Of Real Estate Investing: Difference between revisions

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Revision as of 08:46, 22 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 pay. Foreign residency or extended periods abroad belonging to the tax payer can be a qualification to avoid double taxation.

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But danger of doesn?t stop with mere financial penalization. Punishment may even add almost being thrown in jail and being expected to pay fines to the federal government if evasion is blatantly twisted.

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But your employer seems to have to pay 7.65% in the income he pays you for your Social Security and Medicare insurance. Most employees are unaware with this extra tax money your employer is paying for. So, between you and your employer, the us government takes 12-15.3% (= 2 times 7.65%) of your income. For anyone who is self-employed get yourself a new the whole 15.3%.

Bottom Line: The IRS doesn't value your social status. The irs only loves one thing- getting dollars. You will have dodged the irs for now, but just like they caught up to Wesley Snipes- they will catch anywhere up to you. Don't be afraid in settling your Tax Debts!

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