Amt

What is the name of your state? Tenn. some time ago i posted a question about working overseas and paying taxes on the money earned if the money did not return to the US. one person posted a good post about it, among other things said that there wasn an $80,000 exemption.

i have heard many bad things about the AMT, although i heard that there have been minor changes to the AMT, so, what effect does the AMT have on the $80,000 exemption? does the AMT take away the exemption?

do people working overseas still have to pay Social Security taxes?
any other taxes?

last year i paid 17% in income taxes. without any deductions, what rate should i expect on $100,000?

if my employer is paying for housing and transportation, etc., do those become taxable as income, benefits, or whatever?

[abezon]

At this point, you should consult a tax pro with experience in international tax issues & treaties. I suggest someone near the Canadian border. That said:

The $80,000 exclusion of foreign earned income applies to AMT also.

If you are self-employed, you have to pay US SS taxes unless you are working in a country that has a totalization agreement with the US. See [url]www.ssa.gov[/url] for more info.

If you claim the $80,000 exclusion, your AGI is $20,000 & your taxable income is about $10,000, assuming single filing status. Tax rate is about 12% of TI at that level.

Whether housing is taxable income depends on why you are living in employer-provided housing. If living elsewhere is forbidden under the country's laws or your employer requires you to live in a foreign enclave, you do not have to include the value of housing. This is the case in most Arab countries.