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Old 13th Apr 2002, 05:30
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411A
 
Join Date: Mar 2000
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Well GUSTO the number depends on how much you make, but most airline pilots pay at the 28-34% marginal rate, after all deductions.
A green card holder (permanent resident) is taxed overseas according to section 911 of the Internal Revenue Code, ie: bonafide resident in a foreign location(s) for one full calendar year, the first $80,000 tax free.
Or, if only physically present in the foreign location(s) for 330 out of 365 calendar days, also tax free as above.
These rules are quite straightforward. You can also request an extension to file to be able to satisfy the time requirements.
If you are anywhere near an American Consulate, go in and ask for IRS publication 54, its all there, including forms.

Last edited by 411A; 24th Apr 2002 at 02:31.
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