chinavacation

All the tax information I've read in this thread for USA expat reads as if you are still living in the USA. If you live outside the US for a complete tax year, you get tax credits for that. If earning less than 30,000 you would be paying very little in taxes. Also, if you invest and earn income outside of the US, you may owe no tax on the income at all. As an employee, your allowed to earn $70,000 before you have to pay US tax. But if you are self employed (retired qualifies), that amount goes up to $130,000. The amount must be for money earned outside the USA. This does not take into account taxes for the local country you earned the money in. As an example, the Bank of New Zealand is paying around 7% interest on $50,000 invested right now, but you have to pay a 10% investment tax, but no US tax if you earn under the total of the limits. Please, no one take any advice from anyone on this board, including me. All you have to do is email or call the IRS and they will be happy to give you the exactly correct information.

Great video man. Thanks for posting the link.