- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Overseas Employment Opportunity
Posted on 4/20/17 at 7:36 am to Spirit of Dunson
Posted on 4/20/17 at 7:36 am to Spirit of Dunson
Yeah you definitely still pay US income taxes but you are eligible to either exclude your foreign income up to a certain point or use the foreign tax credit to wipe out your income tax for the most part. At least with Germany because the tax rates are higher than I'm currently paying in the US.
Our company has an International Retirement fund that would mimic a 401k as far as contributions and company match but it's not offered to US citizens so I'm SOL there.
For a year or less company stents in the country I would get all this but the position I'm looking at is longer term (3-5 years) and puts me on a local contract so all I get is some extra "transitional" bonus as it's called.
Our company has an International Retirement fund that would mimic a 401k as far as contributions and company match but it's not offered to US citizens so I'm SOL there.
quote:
Typically you get housing paid for, a travel budget, and an increase in pay for "hardship".
For a year or less company stents in the country I would get all this but the position I'm looking at is longer term (3-5 years) and puts me on a local contract so all I get is some extra "transitional" bonus as it's called.
2
Posted on 4/20/17 at 8:08 am to Big Saint
quote:
Yeah you definitely still pay US income taxes but you are eligible to either exclude your foreign income up to a certain point or use the foreign tax credit to wipe out your income tax for the most part.
Don't know the exact number without looking it up, but +/- $110,000 USD
Posted on 4/20/17 at 9:28 am to Big Saint
quote:That is form 1116 - the foreign income tax credit. I don't know the percentages or limits, though.
but you are eligible to either exclude your foreign income up to a certain point
quote:That sucks.
Our company has an International Retirement fund that would mimic a 401k as far as contributions and company match but it's not offered to US citizens so I'm SOL there.
quote:That sucks.
longer term (3-5 years) and puts me on a local contract
I'm here for ~5-6 years and have a delegate contract which is pretty typical from what I gather from delegates with other companies. Are you moving to Germany? Do you have a family? Will the project eat up all of your time?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News