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bnix
Joined: 16 Jan 2003 Posts: 645
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Posted: Fri May 16, 2003 4:29 am Post subject: Seante Bill Nullifying Tax Exemptions for US Citizens... |
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Bad news.According to news on the NET,this thing has made it through the Senate,despite the efforts of a senator,John Breaux(from Louisiana0 to kiil the thing.It now goes to the House...where differing versions of the tax cut bill must be reconciled....if this thing gets through the House too,as it is...we could lose all(or at least most) of our current tax free status.Although they will give us credit for tax paid to the foreign government in the country where we are working(if you pay any tax there).
Please write...email...somehow contact your congressman...ask him or her to oppose HR2...that is the House version.
It is interesting to note that while they are trying to take our exemption away(teachers make SO much money )....they are trying to nullify taxes on things like dividends...."Big George" and his cronies....always have the little guy in mind |
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veiledsentiments
Joined: 20 Feb 2003 Posts: 17644 Location: USA
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Posted: Fri May 16, 2003 2:37 pm Post subject: |
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For those of you who are writing your congressperson, one point you may want to emphasize is that American companies use foreign addresses to avoid taxation - such as getting a PO Box on an island in the Caribbean.
Why should individuals who are actually working and residing overseas have to pay taxes??
This is what I find unfair about the whole thing. |
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