hey fellas,
meanwhile we start confusing everybody.
when talking about this issue, one needs to be particular about their status at time of declaring their taxes.
us citizen: yes or no
living overseas: yes or no
working for a foreign or us-based company: yes or no
i had the impression, that
1st case:
being a us citizen,
living overseas(either bona fide resident or outside the usa more than 330 days),
and working for a us-based company,
you can make use of the exemption, which runs to be tax-free for you first 80000-82000$. beyond that amount, you pay regular rates. no taxes to the overseas country you live in.
2nd case:
us citizen,
living overseas,
working for an overseas company of the country you reside in,
you can also make use of the exemption, but also pay taxes to the country your overseas company is registered in.
again, if i am wrong, please correct me.
cheers