L
L.Evans
Guest
-Question regarding capital gains.
I have heard/read, in the past, that a US citizen can work abroad & earn up $70K before he has a US Fed. tax liability, (this $70K figure is from my failing recall memory.)
Is this also true for net capital gain on stocks?
Can a person find a country with a smaller tax burden on CGs, set up residents there for a calender year & enjoy the host country's smaller burden.
Thank you in advance.
I have heard/read, in the past, that a US citizen can work abroad & earn up $70K before he has a US Fed. tax liability, (this $70K figure is from my failing recall memory.)
Is this also true for net capital gain on stocks?
Can a person find a country with a smaller tax burden on CGs, set up residents there for a calender year & enjoy the host country's smaller burden.
Thank you in advance.