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Latest revision as of 13:16, 13 May 2026

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The 'payroll' tax applies at a set percentage of your working income - no brackets. A good employee, you won't 6.2% of one's working income for Social Security (only up to $106,800 income) and specific.45% of it for Medicare (no limit). Together they take a lot more 7.65% of one's income. There is no tax threshold (or tax free) amount of income in this system.

Julie's total exclusion is $94,079. On the American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. duty.

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