Posted by
bostondude
14 yrs ago
Hi, I'm moving to HK next week for a new job. I'm a US Citizen and my fiance, who has already been in HK for ~2 months, is a South Korean Citizen. We plan to file taxes separately when we are married.
My understanding of my taxes while I'm in HK is that the first $91,400 is exempt from BOTH US and HK taxes. I will have to pay US Federal taxes on the rest as if I was working in the US but I won't have to pay any State or Local taxes.
Is this understanding correct? Thank you for your help!
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If you are from Boston, you may have an Irish grandparent. If so, why not take up the Irish passport - which gives you full access to all EU states and the UK's National Health Service - and ditch the US one. Then you'll only have to pay HK taxes like everyone else.
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I'm not Irish actually...I was born in China but immigrated to the U.S. when I was young. Certainly am not going to give up my U.S. citizenship for a Chinese one :)
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