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Old 30th Mar 2017, 19:30
  #21 (permalink)  
swh

Eidolon
 
Join Date: May 2001
Location: Some hole
Posts: 2,179
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Originally Posted by Oval3Holer
Not PLUS US tax, as swh states. IF you're 'merican or have a Green Card, your US tax would be reduced by whatever you had to pay to HK, so you would not end up paying more tax than what you'd pay on that income if you'd be living in the USA. You'd probably pay less, due to the foreign earned income exclusion.
The comment that I replied to was tax is 17%, it is not the HKG IRD 17% if you are from over there is is 17% plus your US tax liability as the US taxes people on worldwide earnings.

I did not say how much that US tax would be, as that depends on a lot of factors, too many people have failed to take into account their home country tax treatment on worldwide earnings if it applies to them, none of the HKG employers really care too much about personal tax liabilities. There was also the problem with the provident fund that was not a recognized retirement scheme over there and people had to cash out or change.
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