return2ozma@lemmy.world to News@lemmy.world · 7 months ago'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gapfinance.yahoo.comexternal-linkmessage-square133fedilinkarrow-up1433arrow-down118
arrow-up1415arrow-down1external-link'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gapfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square133fedilink
minus-squareaphonefriend@lemmy.worldlinkfedilinkarrow-up1·7 months agoWhere did you go? And how do you not pay fed taxes working for an American company? Or is it a foreign company?
minus-squarethelastknowngod@lemm.eelinkfedilinkarrow-up1·edit-27 months agoGeorgia (the country) and Turkey mostly. Qualifying for the FEIE (stay out of America for 330 days per year) means you don’t pay taxes on the first $120k you earn. Maxing out the 401k ($22,500) will reduce taxable income as well so it’s really like the first $142,500 is tax free. I work for an American company as a W2 employee.
Where did you go? And how do you not pay fed taxes working for an American company? Or is it a foreign company?
Georgia (the country) and Turkey mostly.
Qualifying for the FEIE (stay out of America for 330 days per year) means you don’t pay taxes on the first $120k you earn. Maxing out the 401k ($22,500) will reduce taxable income as well so it’s really like the first $142,500 is tax free.
I work for an American company as a W2 employee.