bealuct wrote:How does the tax system work in J? More specifically how what are the rates/how do they tax capital gains in j? Would I have to pay taxes in both the US and J?
Is here a J equivalent to the 401K/IRA etc? Is it available to PRs?
Etc... I don't know much about this so maybe I can get some help from you guys.
A little too sleepy to start explaining many of the specifics, but basically if you are an American who lives in a foreign country for an entire fiscal year (>320 days or so), something like the first $85,000 (or $85,000 X(365 - days out of country/365)) of your salary is tax-free. After that, you need an accountant.