Tax in the U.S. ?

[GUSTO]

Hi everybody ,

Anybody can tell me how much tax on salary the pilots have to pay in the U.S. ?

Does it apply to green card holder working away from the U.S. ?

Thanks for your help.

GUSTO

[411A]

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.

[GUSTO]

Thanks 411A ,

Now I have an idea on the tax process when outside the US.

I will go to the nearest U.S Consulate

GUSTO

[MAJIC9]

Did they tell you that you can lose your green card if you're out of the country for too long? (unless you have a darn good reason why.. such as military service or government work)..

technically, if stay abroad for a year, you have to apply for permit to come back.. after two years.. in most cases, you're screwed :)

However, just like anything else, it's at the INS officer's discression to determine whether you "maintained permanent residence in the US during that time"

[GUSTO]

MAJIC9 ,

I heard this rumour , but a friend of mine , a green card holder does not live in the country but goes in the U.S every year for 3 weeks to maintain his residence ( he holds two passport as well , and I believe it helps ).

Myself I do not have a green card yet but I am working for an American company and they might sponsor me , who knows...???

Wish you all safe landings

GUSTO

[Roadtrip]

The final "real" percent of federal income tax tax paid on your income usually comes out to about 20%, plus or minus 3% or so. That's assuming normal family deductions, house loan interest, etc. Some states have income taxes also that can add thousands to your tax bill. States like Texas and Florida don't have state income tax.