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Julie’s total exclusion is $94,079. American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. .
To work to go and also adjust spending beyond a 10-year mark would be so devastating to the government and the economy that it really is a non-starter. Because of this, I will us a 10-year kind of adjusted utilizing.
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Large corporations use offshore tax shelters all time but they do it officially. If they brought a tax auditor in and showed them everything they did, if the auditor was honest, even though say everything is perfectly okay. That should also be your test. Ask yourself, if you brought an auditor in and showed them everything you did you reduce your tax load, would the auditor end up being agree all you did was legal and above ship?
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