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buffalobill12323
Joined: 18 Sep 2013
Posts: 115
Location: China
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 Posted: Tue Nov 19, 2013 8:36 am Post subject: |
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| zactherat wrote: |
| . Personally, I think it's a better idea to observe the law. |
Admirable - I personally would find it hard to survive in this country without using a VPN, watching Tudou/baidu/pps/pptv etc, downloading movies and books, cant resist those 6 kuai DVDs. I sometimes take the local taxi guy, or the moto-rickshaw if local. I have eaten SOOOOO much food at illegal street stalls. I believe I littered AND jay-walked yesterday.
Buffalobill is not my real name - technically it is illegal to use fake names online |
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fat_chris
Joined: 10 Sep 2003
Posts: 3198
Location: Beijing
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| Posted: Tue Nov 19, 2013 10:30 am Post subject: |
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| buffalobill12323 wrote: |
Admirable - I personally would find it hard to survive in this country without using a VPN, watching Tudou/baidu/pps/pptv etc, downloading movies and books, cant resist those 6 kuai DVDs. I sometimes take the local taxi guy, or the moto-rickshaw if local. I have eaten SOOOOO much food at illegal street stalls. I believe I littered AND jay-walked yesterday.
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HEY!
You pay only 6 kuai for those DVDs?!? That's WRONG!
It's wrong (for me) because I have to pay 10 kuai for them here--dadnabbit, 6 kuai for a DVD sounds much better than 10 kuai.
Warm regards,
fat_chris |
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Andrew108
Joined: 17 Mar 2012
Posts: 20
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| Posted: Tue Nov 19, 2013 10:42 am Post subject: |
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| So is it university gig plus privates = 10k vs language school = 10k? I don't really see the difference. Is it that privates are worth more than 4k a month? |
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keeperofpythons
Joined: 28 Jan 2010
Posts: 152
Location: zhu san jiao
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| Posted: Tue Nov 19, 2013 11:21 am Post subject: |
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| jm21 wrote: |
Well, if you're from the US, the US taxes you for any income you earn from self-employment activities, which would probably include most if not the vast majority of private tutoring.....
If you're form the US, doing things by the book,, and travel to meet pupils (as opposed to them coming to you) at 150RMB per hour you'd be making a net of about $10 per hour or so I would think, all things considered. Seems like there must be more creative alternatives.... |
I am not quite sure if this is a trolling attempt or not, but this information borders on insanity.
If you're from the US, doing things by the book, regardless of all other factors, your foreign income up to $90,000usd/year is not taxed in the slightest. Yes, you must still report it, again if you are doing things by the book, but it's just a formality. |
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jm21
Joined: 26 Feb 2008
Posts: 406
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| Posted: Tue Nov 19, 2013 8:15 pm Post subject: |
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| keeperofpythons wrote: |
| jm21 wrote: |
Well, if you're from the US, the US taxes you for any income you earn from self-employment activities, which would probably include most if not the vast majority of private tutoring.....
If you're form the US, doing things by the book,, and travel to meet pupils (as opposed to them coming to you) at 150RMB per hour you'd be making a net of about $10 per hour or so I would think, all things considered. Seems like there must be more creative alternatives.... |
I am not quite sure if this is a trolling attempt or not, but this information borders on insanity.
If you're from the US, doing things by the book, regardless of all other factors, your foreign income up to $90,000usd/year is not taxed in the slightest. Yes, you must still report it, again if you are doing things by the book, but it's just a formality. |
You may be exempt from income tax, which would be paltry or non-existent at the income levels most people have teaching in china, but you are supposed to pay social security and medicare taxes on your net self-employment income. If you were doing things by the book that would be 15.3% of the net income you earned from tutoring in most cases. On the plus side, you may get an extra $3 per month in social security payments.
But don't take my word for it, talk to the IRS....
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Who Must Pay Self-Employment Tax?
If you are abroad and you are a self-employed U.S. citizen or resident you generally are subject to the self-employment tax. This is a social security and Medicare tax on net earnings from self-employment of $400 or more a year. Your net self-employment income is used to figure your net earnings from self-employment. Net self-employment income usually includes all business income less all business deductions allowed for income tax purposes. Net earnings from self-employment is a portion of net self-employment income. This amount is figured on Schedule SE (PDF). The actual self-employment tax is figured on net earnings from self-employment.
Effect of Foreign Earned Income Exclusion
You must take all of your self-employment income into account in figuring your net earnings from self-employment, even income that is exempt from income tax because of the foreign earned income exclusion.
Example:
You are in business abroad as a consultant and qualify for the foreign earned income exclusion. Your foreign earned income is $95,000, your business deductions total $27,000, and your net profit is $68,000. You must pay self-employment tax on all of your net profit, including the amount you can exclude from income. |
http://www.irs.gov/Individuals/International-Taxpayers/Social-Security-Tax-Consequences-of-Working-Abroad |
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