PPRuNe Forums - View Single Post - American Freighter Tax Question?
View Single Post
Old 16th August 2007 | 18:10
  #4 (permalink)  
Jose Jimenez
 
Joined: Aug 2000
Posts: 32
Likes: 0
You do not HAVE to pay FICA if you are employed by USAB. If you WANT to pay, you MAY. Once the US basing goes "onshore" you'll be working for a US company (i.e. Cathay Pacific USA, Inc., which employs the ground personnel and the flight attendants based in SFO) and will be treated as any other American employee.

I know of no legal way to keep the 15.5% not subject to US taxes. It would need to be placed in a US-recognized retirement fund (i.e. 401(k) or SEP-IRA), of which USAB has none. Once again, when the US basing goes "onshore," this will change.
Jose Jimenez is offline  
Reply