Some would say this isn’t honest or fair. You may be correct. However, let’s explore how it’s done before we join millions of citizens in protest over these tax laws.
Believe it or not, there is such a thing as a tax-free retirement, and more and more Americans are taking advantage of these tax loopholes each year. It’s called the Foreign Earned Income Exclusion, FEIE for short. At the time of publishing the maximum exclusion is $97,600 for 2013 for each taxpayer. The amount of the exclusion increases each year based on inflation. (Exclusion means that you pay zero taxes on that amount)
So what is this retirement tax loophole that nobody’s talking about?
The United States taxes all taxpayers on their worldwide income. This is a fact, this is the law. However, taxpayers who live and work OUTSIDE of the United States can possibly qualify for the Foreign Earned Income Exclusion. Before you close your mind to living and or working offshore, take a look at the facts and understand why so many Americans are making the necessary adjustment, to take advantage of this opportunity.
Regardless if you move offshore or stay in the United States, you can use this book to lower your taxes each year and live a tax-free life or a tax-free retirement. Is it ethical? You be the judge.
First you should realize that Form 2555 Election has been going on for years. It wasn’t until millions of Americans experienced a loss in their retirement funds, due to the recent down-turn in the economy, that the FEIE became so important and popular.
Millions of baby-boomers are now at retirement age. For many Americans, their retirement nest-egg, disseminated right before their eyes..............find book here