serafina. you will pay self employment taxes regardless. that feeds into social security later in life. you do have the opportunity to deduct your expenses. not an expert but it looks like veritas was trying to fly below the radar on immigration. thought if he wanted to play the game his best chances were to receive money in the US, pay taxes including self employment with the deductions. it works for most business people. I really think with what I read, the 102,000 or 95,000 is deduction is against the income you received as a resident and paying taxes in a foreign country. the US taxes on your passport. mi dos centavos.
Us Expat Working Remotely For Us Company - Tax Help
- Thread starter veritas238
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steveinbsas
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The only way to get out of paying income taxes in the US and Argentina is to earn less than approximately $13,000 USD per year.
If it's passive income it would not be subject to FICA and Medicare tax in the USA.
Of course the IVA in Argentina would still take a bite of 21% on most purchases, though used items purchased on Mercado Libre and OLX are exempt.
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You also have to look at state taxes, depending on which state you are from. For example, if you're from California and have a CA bank account, even if you live abroad, you still need to pay California taxes regardless of what you pay or don't pay to the IRS.
