| Stran v tématu: < [1 2] | The tax man cometh.... Autor vlákna: Ron Stelter
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| Bring that by me again | Oct 14, 2007 |
Kim Metzger wrote:
I pay no income taxes at all. I pay no US income tax because any foreign earned income under $82,400 is excluded. I don't pay Mexican taxes because my income from translating comes from Europe, and I don't pay European taxes because I'm an American living in Mexico.
Hi Kim
That sounds great, but I don't understand. Why would you have to pay US income tax if you're living in Mexico. Your country of residence is the one you pay income tax in, no? What has the US got to do with it at all?
I'm thinking of moving to Mexico if that means tax free living.
Greetz and thanks, Marinus
| | | | Patricia Lane 
Francie
Local time: 08:59
francouzština -> angličtina
+ ...
The US taxes citizens on their world wide income. But as Kim says, foreign earned income benefits from an exclusion up to USD 82.4K.
Why he doesn't pay taxes in Mexico because his income comes from European clients, I haven't a clue as I do not know Mexican tax law!
Patricia
| | | | Kim Metzger
Mexiko
Local time: 00:59
němčina -> angličtina
| Moving to Mexico | Oct 14, 2007 |
I now realize my post about Mexico was somewhat misleading. The average foreigner thinking about moving to Mexico and working here as a translator would need to obtain a visitor's permit (FM3) and provide proof of a certain minimum income.
"Most (Mexican immigration offices) will go by the "official" rule of 250 times the basic minimum wage in DF (Mexico City). At today's exchange rate that is about US $1,150 for a single plus 50% more for each dependent. It goes up a little each y... See more I now realize my post about Mexico was somewhat misleading. The average foreigner thinking about moving to Mexico and working here as a translator would need to obtain a visitor's permit (FM3) and provide proof of a certain minimum income.
"Most (Mexican immigration offices) will go by the "official" rule of 250 times the basic minimum wage in DF (Mexico City). At today's exchange rate that is about US $1,150 for a single plus 50% more for each dependent. It goes up a little each year."
http://mexconnected.com/perl/foros/gforum.cgi?post=89786;search_string=minimum%20income;#89786
As a translator earning your money from a foreign source, i.e. from Europe, for example, you would not be required to obtain a work permit (I believe this is the case, but you should check this out at your nearest Mexican consulate).
My personal situation is a little different: when I worked as a teacher in Mexico, I had a work permit and paid Mexican taxes because my income was derived from Mexican sources. But now I'm here on a visitante-rentista-no inmigrante visa, i.e. a visitor's visa for retirees, which is applicable "If you are over 50 years of age, and want to engage in "non remunerative activities" and you are receiving funds from abroad (from a pension or other investments or fixed income)"
http://www.mexperience.com/liveandwork/immigration.htm
http://www.mexconnect.com/mex_/visa.html
I just now chatted with a good translator friend who's British and living in Mexico as an immigrant. She pays taxes only on income generated from Mexican sources, not on the income she earns from foreign sources – the UK, Europe, etc. She has that money deposited in a UK bank.
"He upon whose heart the dust of Mexico has lain will find no peace in any other land." Malcolm Lowry ▲ Collapse
| | | | lingomania
Local time: 16:59
italština -> angličtina
| Don't move to Italy | Oct 15, 2007 |
If you're thinking of moving to another country to dodge the IRS (is it still called that way?), don't come to Italy......things are getting outn of fiscal hand here too!! Ooooooh the shape of things to come! 
Rob
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| Mexico, here I come! | Oct 16, 2007 |
Kim Metzger wrote:
If you are over 50 years of age, and ...
Another 4 years and it will be an option, sounds good to me. Hope the same tax laws will still apply.
Altough, seriously, I'm afraid the heat would be too much for us. I remember summers in Spain to be unbearable, I suppose it's probably much the same over there.
Thanks for the extensive information, Kim.
| | | | Yolanda Broad
Spojené státy americké
Local time: 02:59
Člen (2000)
francouzština -> angličtina
+ ...
MODERÁTOR | Mexican benefits include the weather | Oct 16, 2007 |
Don't go live on the coast and your summers will be lovely! We used to go to Mexico for years to get away from the summer heat of Pennsylvania. Up on the highlands, the sun beats down hard, but the temperatures are quite pleasant. Of course, it gets rather chilly in the winter...
| | | | Kim Metzger
Mexiko
Local time: 00:59
němčina -> angličtina
| Head for the hills | Oct 16, 2007 |
Marinus Vesseur wrote:
Altough, seriously, I'm afraid the heat would be too much for us. I remember summers in Spain to be unbearable, I suppose it's probably much the same over there.
Yolanda is right, Marinus - head for the hills. I moved to Guadalajara (elevation: 1550 meters, 5000 feet) from Alabama, where the hot, humid summers were almost unbearable without air-conditioning. But Guadalajara is the city of eternal spring. It's hard to imagine a more perfect climate.
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