The US is the only country in the world that taxes their own citizens
on income earned overseas

On Jan 22, 1:31 pm, argongold <[email protected]> wrote:
> Hi Guys,
>
> Better to change your place so that you don't need to pay Income Tax.
>
> There is no personal income tax system prevail in Kuwait either on
> salaries or on income from business activities.
> More over there are no other taxes of any consequence, such as sales
> or value added taxes, property taxes etc.
> which means the individuals (Kuwaiti or expatriates) and Kuwaiti
> companies are not subject to income tax.
>
> Note. I don't live there either .
>
> Thanks
> argongold
>
> On Jan 22, 9:09 am, fadden <[email protected]> wrote:
>
>
>
> > On Jan 21, 9:17 am, TreKing <[email protected]> wrote:
>
> > > Thanks. You know what, I'm going back to TurboTax, going to fill out
> > > everything to the best of my ability, then going to pray.
>
> > Get the Turbo Tax Home & Small Business edition (the one for sole
> > props and single-member LLCs, not the one for corporations).  It'll
> > walk you through it.
>
> > I suspect you'll get a 1099, but only if the amounts paid out exceed
> > some lower bound ($400?).
>
> > Income you get from the sale of products (and rents and royalties)
> > isn't necessarily equivalent to income you get in exchange for work...- 
> > Hide quoted text -
>
> - Show quoted text -

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