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79 - Panama Excursion Announcement: Escaping a Chaotic World

Watchman Privacy

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Panama and the Foreign Earned Income Tax Exclusion

You can apply for the foreign earned income exclusion, which is one of the prime tools in the toolbox that we look at for Americans who go offshore. It's $120,000 of income that gets excluded; you're not paying taxes on that. If your spouse is also an American taxpayer, there's a doubling effect. So now you're talking about just under a quarter of a million dollars where you're not subject to taxation in the United States.

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