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BajaLaJaula
Joined: 25 Jan 2007
Posts: 267
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 Posted: Thu Apr 23, 2015 6:58 pm Post subject: veni, vidi, mentitus |
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**WARNING: Avoid scams**
B3H
•Total compensation exceeding $90,000 USD/year
liar, liar, pants on fire.....salary is more like 42K a year. They are lumping in the housing and other benefits to boost this number.
Your take-home might be closer 3,500 USD a month.
Don't want anyone to be misled. There are a few military contractors that pay more...but for how much longer? |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Thu Apr 23, 2015 8:22 pm Post subject: |
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| You might use a more relevant subject line; otherwise, no one will know that this thread is about B3H. |
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plumpy nut
Joined: 12 Mar 2011
Posts: 1652
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| Posted: Fri Apr 24, 2015 12:40 am Post subject: |
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| Housing and other benefits could be considered compensation. That is not an entirely incorrect way of stating what is given to a potential employee. |
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scot47
Joined: 10 Jan 2003
Posts: 15343
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| Posted: Fri Apr 24, 2015 5:55 am Post subject: |
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| Remember too that on military contracts you will be working for managers who are like escapees from the set of "Dr Strangelove" |
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myohmy
Joined: 31 Jul 2013
Posts: 119
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| Posted: Fri Apr 24, 2015 7:20 am Post subject: |
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| nomad soul wrote: |
| You might use a more relevant subject line; otherwise, no one will know that this thread is about B3H. |
Jesus, will you people ever get over yourselves? |
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cmp45
Joined: 17 Aug 2004
Posts: 1475
Location: KSA
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| Posted: Fri Apr 24, 2015 7:50 am Post subject: |
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| myohmy wrote: |
| nomad soul wrote: |
| You might use a more relevant subject line; otherwise, no one will know that this thread is about B3H. |
Jesus, will you people ever get over yourselves? |
get over yourself
a phrase little pussies use when they can't win an argument with a real counterpoint.
"just, get over yourself"
"wow, that's the best you could do...."
Life long learning....
20 Words related to get over yourself
diddums •
princess •
conceited •
dewai •
don't worry baby we dont need a condom •
forget about it •
gay •
get a grip •
get a hold •
get off your high horse •
get real •
its not problem •
pompous •
pull your head out of your butt •
relax •
shut up •
stuck up •
whatever |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Fri Apr 24, 2015 11:44 am Post subject: |
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| myohmy wrote: |
| nomad soul wrote: |
| You might use a more relevant subject line; otherwise, no one will know that this thread is about B3H. |
Jesus, will you people ever get over yourselves? |
"You people?" Seriously. This was simply a suggestion.
No need to flip your wig over my benign posts---just don't read them. |
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BajaLaJaula
Joined: 25 Jan 2007
Posts: 267
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| Posted: Fri Apr 24, 2015 12:33 pm Post subject: |
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I thought the use of latin (thanks to Google translate), would be a cute way to bring to light the fact that the 90K compensation really only included about 42K of take-home pay.
If housing, transportation, 401K matching, salary and airfare are to be lumped together under the term compensation then it should be stated in the job announcement.
Let's not beat around the bush....they are trying to suck you in with that 90K tagline....hoping that once you find out that it is really only 42K a year in salary you will still feel like signing on the dotted line. THE OL' BAIT AND SWITCH METHOD.
42K is not that bad....except as pointed out....you will be teaching military cadets and you might end up with a supervisor that turns out be an ego-maniacal and vindictive boss suffering from severe insecurity that ends up only being good at one thing, being a hatchet man for the company. |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Fri Apr 24, 2015 1:09 pm Post subject: |
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| BajaLaJaula wrote: |
| If housing, transportation, 401K matching, salary and airfare are to be lumped together under the term compensation then it should be stated in the job announcement. |
Approximately how much of that is for housing alone since it's on a compound? |
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BajaLaJaula
Joined: 25 Jan 2007
Posts: 267
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| Posted: Fri Apr 24, 2015 1:15 pm Post subject: |
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From what I have heard.....since the only info I have is second hand, is that the 90K is what gets reported to the IRS. Not sure how much is housing, but it gets counted as income and you have to report it to the fed.
So you get the benefit of the tax exemption but only really get about 42K, or so, in actual compensation.
You can probably still save some money on that if you are a single guy and your only expenses are schwarma and a trip to Ethiopia once a year. Yippeee....living the high life. |
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hash
Joined: 17 Dec 2014
Posts: 456
Location: Wadi Jinn
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| Posted: Fri Apr 24, 2015 3:03 pm Post subject: |
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| BajaLaJaula wrote: |
| From what I have heard.....since the only info I have is second hand, is that the 90K is what gets reported to the IRS. Not sure how much is housing, but it gets counted as income and you have to report it to the fed. So you get the benefit of the tax exemption but only really get about 42K, or so, in actual compensation........... |
This information is so distorted, misleading, warped and garbled, I hope no one takes it seriously.
Because this subject matter (taxes) is such a sensitive and tricky issue affecting all kinds of people with possibly significant and long-lasting consequences, readers should rely ONLY on professional advice in these matters. I'm not a pro, but nevertheless:
1. It is extremely unlikely that the total package (90K) is reported as "income" by the company to the IRS. That would mean that taxes are withheld from the employee and transmitted to the IRS on a monthly basis as would be normal in USA terriroty. If this were the case, then the employee would be paying taxes on income that is potentially NOT taxable.
To receive the tax exemption, you have to file a Form 2555 with the IRS. But if you file the 2555, then RIGHT ON IT you declare and exempt your income for the last year and so you pay nothing.
But if your employer has been withholding taxes from your paycheck all year long, then what? Do you then file a 1040X (amended return) to report OVERPAYMENT to the IRS by the employer? And asking for your money back? Doesn't make sense at all.
I strongly urge people not to comment on this issue in public unless they really know what they're talking about - they should certainly not present the information as "advice". Even "off-hand" remarks are often taken as up-to-date information by the unwary and they mindlessly act on it. |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Fri Apr 24, 2015 3:10 pm Post subject: |
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How many ESL teachers make 42K back in... let's say, the US? And then have to pay their rent out of it... and likely get no sick pay or vacation... and certainly no ticket to go anywhere. Not to mention all the taxes that will be taken out of that 42K
All is relative...
VS
(and if they declare the 90K to the government, it isn't taxable as long as you comply with the IRS rules, and any taxes deducted - other than FICA if they deduct that on the 42K - would be refunded.) |
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BajaLaJaula
Joined: 25 Jan 2007
Posts: 267
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| Posted: Fri Apr 24, 2015 3:16 pm Post subject: |
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I am no tax expert either...however...
| Quote: |
| The foreign earned income exclusion amount is adjusted annually for inflation. For tax year 2014, the maximum foreign earned income exclusion is up to $99,200 |
http://www.irs.gov/Individuals/International-Taxpayers/Figuring-the-Foreign-Earned-Income-Exclusion
You can qualify during your first year if you stay out of the US for at least 330 days.....so these folks will not be paying any taxes.
| Quote: |
| Under the physical presence test, a 12-month period can be any period of 12 consecutive months that includes 330 full days. If you qualify under the physical presence test for part of a year, it is important to carefully choose the 12-month period that will allow the maximum exclusion for that year. |
My info is hearsay... but I have regular contact with several current employees....so I invite anyone who actually works for them to clarify and correct me if I am wrong.
Not trying to mislead anyone...unlike the ad posted by the employer which says that compensation is 90K.
Please tell us otherwise...are you really pulling in 90K which would mean a monthly big ol phat paycheck of 7,500 ...woweee....that would be nice. |
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hash
Joined: 17 Dec 2014
Posts: 456
Location: Wadi Jinn
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| Posted: Fri Apr 24, 2015 3:43 pm Post subject: |
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[quote="BajaLaJaula"] I am no tax expert either...however...
| Quote: |
| The foreign earned income exclusion amount is adjusted annually for inflation. For tax year 2014, the maximum foreign earned income exclusion is up to $99,200 |
Well, this is deflecting from the issue at hand, but even THIS quote of yours is misleading.
Note that the above statement says "EARNED" income. But airline tickets, housing, food allowance, transportation and so on are NOT EARNED income. Technically they fall into another category. Which makes your original statement even more unlikely.
You can qualify during your first year if you stay out of the US for at least 330 days.....so these folks will not be paying any taxes.
From what you said in your last, all employees' 90K is reported by the company as income to the IRS. Now you're saying they don't if they stay out of the US for a certain period. EVEN THIS STATEMENT, while not incorrect is INCOMPLETE and thereby gives a reader a distorted picture of what's going on.
Please, Baja.....I know you're well-meaning here...but you dont know what you're saying...you're in way over your head. |
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BajaLaJaula
Joined: 25 Jan 2007
Posts: 267
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| Posted: Fri Apr 24, 2015 4:19 pm Post subject: |
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For all tax related questions....please PM hash directly...Do not simply go on my advice.
Thanks...btw...do you have your CPA license????
Even though I have been able to do my own taxes for over 10 years now living the in the M.E....never realized how overly complicated it is by the way you make it sound.
From now on...I will defer to you and your expertise on the matter...  |
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