> > I know of many permanent residents > > who've refused to become US citizens > > because that would forever subject > > them to paying US income taxes no > > matter where they live on the globe. > > off: > How does Turq do it? > Turq apparently is contracting out to a U.S. company, so he probably does his own tax withholding, and then files at the end of the year, using an IRS 1040ez form.
Turq is smart enough to note line 8 on the form this year, and to be able to calculate the 'Make work pay credit', which in Turq's case, would be 6.2% (.062) of his earned income (.062). If Turq does this he can then subtract the standard deduction also, and wind up paying only a few dollars income tax. It's also possible that IBM has withheld a percentage of earned income from each of his paychecks. If this is the case, he might get $3000 returned by the IRS. I consider this a refund of an over-payment! FYI: The last time I checked, Social Security is not taxed because it is not considered earned income. But the point is, apply for U.S. citizenship, and then go out and vote for someone like Ron Paul, in order to try and bring down the individual payroll tax to near zero. > He doesn't pay taxes in the US otherwise > they would find out where he is. > Turq doesn't seem to be very worried about anyone finding out where he is!
