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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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 Posted: Tue Nov 04, 2008 10:27 pm Post subject: Americans: Obama will tax your teaching income |
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Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income. |
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refikaM
Joined: 06 May 2006
Location: Gangwondo
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| Posted: Tue Nov 04, 2008 10:32 pm Post subject: taxes |
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| So? |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Tue Nov 04, 2008 11:21 pm Post subject: Re: taxes |
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Are you an idiot?
The IRS is going to want their money in US $ not Korean won. The exchange rate hasn't been to good if you haven't noticed. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Tue Nov 04, 2008 11:32 pm Post subject: |
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| So how in the heck would the Irational Rates of Sums (IRS) know you were being paid by someone else in another country? You would simply be an unemployed blip in the American system. I'm sure the over paid who make more than $85,000 a year outside of the states do not report all capital gains to the IRS. International business and offshoring finance and other business practices has been a tax evasion shelter for many years to rich individuals and their companies they head. I wouldn't pay tax if I'm already paying tax in another country and especially the fact that I couldn't even get a $30,000 a year job with a college degree unless going to New York or Chicago to work 60 hours a week while still barely getting by in an expensive market. |
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refikaM
Joined: 06 May 2006
Location: Gangwondo
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| Posted: Tue Nov 04, 2008 11:47 pm Post subject: taxes |
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| Yeah I'm an idiot... I'm sure that'll this new system will all come about quickly and I'll be paying taxes on my overseas income in April while the won is still devalued... |
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Ukon
Joined: 29 Jan 2008
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| Posted: Wed Nov 05, 2008 1:05 am Post subject: |
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| sojourner1 wrote: |
| So how in the heck would the Irational Rates of Sums (IRS) know you were being paid by someone else in another country? You would simply be an unemployed blip in the American system. I'm sure the over paid who make more than $85,000 a year outside of the states do not report all capital gains to the IRS. International business and offshoring finance and other business practices has been a tax evasion shelter for many years to rich individuals and their companies they head. I wouldn't pay tax if I'm already paying tax in another country and especially the fact that I couldn't even get a $30,000 a year job with a college degree unless going to New York or Chicago to work 60 hours a week while still barely getting by in an expensive market. |
I have a another suggestion why you can't make more than a measely 30k a year with a degree....I'd tell ya, but the "Men in black" sworn me to secrecy  |
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The_Source
Joined: 09 Oct 2008
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| Posted: Wed Nov 05, 2008 1:15 am Post subject: |
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I can see it now:
Ring Ring... Hello, Mr. Hagwon Director? This is the IRS. We're calling because we need you to fill out a W-2 form and submit it to us so that we have evidence of Foreign Teacher's income for the past year.
We all know how Koreans get right on top of these things.  |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Wed Nov 05, 2008 1:38 am Post subject: |
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| Ukon wrote: |
| sojourner1 wrote: |
| So how in the heck would the Irational Rates of Sums (IRS) know you were being paid by someone else in another country? You would simply be an unemployed blip in the American system. I'm sure the over paid who make more than $85,000 a year outside of the states do not report all capital gains to the IRS. International business and offshoring finance and other business practices has been a tax evasion shelter for many years to rich individuals and their companies they head. I wouldn't pay tax if I'm already paying tax in another country and especially the fact that I couldn't even get a $30,000 a year job with a college degree unless going to New York or Chicago to work 60 hours a week while still barely getting by in an expensive market. |
I have a another suggestion why you can't make more than a measely 30k a year with a degree....I'd tell ya, but the "Men in black" sworn me to secrecy |
I know I was trying in the wrong place at the wrong time without a car. St. Louis, Missouri by city bus doesn't get you very far past $8/hour jobs. St. Louis was a great job market back in grandpas day 40 to 50 years ago when he built McDonnell Douglas commercial aircraft there, but today it sucks. I'm sure in other parts of America with a car, I can go get with a little mojo and achieve something in this life. I look forward to doing just that when I decide to return. I most likely won't be returning to the Midwest to live and definitely not without a car. Having come from a rough situation of funk, this Korea gig is great, but it's just not home. Believe it or not, this apartment I'm in is actually the nicest I've ever had and the money is the best I've seen in 8 years. While I love to travel, I don't like to constantly be away for so long. We have jobs and a new president all about redefining what the USA is and things are looking up. 
I lucked out on the taxes, this is the one year I'm completely tax free. If I stay next year, then I might pay a rock bottom 3.5%. Too bad this job is not in a western country... |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Wed Nov 05, 2008 2:07 am Post subject: Re: Americans: Obama will tax your teaching income |
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| bassexpander wrote: |
Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income. |
Why should we take your prediction as more than just a paranoid fantasy based on your antipathy? |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Wed Nov 05, 2008 2:42 am Post subject: |
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| sojourner1 wrote: |
| So how in the heck would the Irational Rates of Sums (IRS) know you were being paid by someone else in another country? |
So, you are going to take all your saving/earnings and take it to the US and tell the IRS, "Hey, I just found it on my doorstep, I swear!" |
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Bryan
Joined: 29 Oct 2007
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| Posted: Wed Nov 05, 2008 2:49 am Post subject: Re: Americans: Obama will tax your teaching income |
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| bassexpander wrote: |
Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income. |
Source? |
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crusher_of_heads
Joined: 23 Feb 2007
Location: kimbop and kimchi for kimberly!!!!
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| Posted: Wed Nov 05, 2008 3:10 am Post subject: Re: Americans: Obama will tax your teaching income |
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| Bryan wrote: |
| bassexpander wrote: |
Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income. |
Source? |
bassexpander is your source, you idiot.
What part of 'my prediction' do you not understand? |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Wed Nov 05, 2008 3:23 am Post subject: Re: Americans: Obama will tax your teaching income |
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| bassexpander wrote: |
Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income. |
Can't imagine this would affect me while I'm in Korea. You must be a rich man if you're worried about it.  |
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Ruraljuror
Joined: 08 Dec 2007
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| Posted: Wed Nov 05, 2008 3:31 am Post subject: |
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| Quote: |
Get ready guys.
My prediction right here... Obama will remove the $85,000 tax exemption on your overseas income |
Glad you brought this up. But you forgot to mention that Obama is Muslim, was born in another country (he has never produced his birth certificate), wants to change the American flag, is a socialist, and routinely pals around with terrorists --both international and domestic.
You waited too long to start this new rumor though, eh? The toothpaste is already out of the tube. |
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esetters21
Joined: 30 Apr 2006
Location: Seoul
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| Posted: Wed Nov 05, 2008 3:50 am Post subject: |
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| Nice prediction. I'll believe it when I see it. I'm sure that isn't on the top of his agenda. |
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