TravelTellers – For Road Warrior-esses & Perpetual Travelers: US Expats & PTs May Benefit from Foreign Earned Income Exclusion

US Expats & PTs May Benefit from Foreign Earned Income Exclusion

If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income from all sources.  However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation ($91,400 for 2009, $91,500 for 2010, $92,900 for 2011, $95,100 for 2012). I n addition, you can exclude or deduct certain foreign housing amounts.

You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer. Refer to Exclusion of Meals and Lodging in Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad, and Publication 15-B, Employer’s Tax Guide to Fringe Benefits for more information.

via traveltellers.blogspot.com

If you are going PT, you want to take advantage of this exclusion. http://iPerpetualTraveler.com

Public School Textbook Publisher Goes Bankrupt by Gary North

One of the largest textbook publishers has declared bankruptcy. It sticks lenders with over $3 billion of bad debt. It wipes out shareholders.

The Left long ago bet the farm on its control over the public schools. Now the schools are slowly losing money. They are cutting back on everything except football.

Houghton Mifflin could not survive the change. It is the first major textbook publishing to go belly-up. Others will follow.

via lewrockwell.com

If you have a kid in college, you wonder why all college courses are not digital. Every textbook is out of date as soon as it is published. http://live-free-in-an-unfree-world.com

What If We Have Only Memories of Freedom? by Andrew P. Napolitano

What if, on Memorial Day, we remember times that were more free than today? What if, on Memorial Day, when we think of those who died for our freedom, we end up recognizing that the freedom they died for is dying? What if it becomes fashionable for the government to ignore the Constitution? What if the Constitution dies because the government stops following it? What if, next Memorial Day, freedom is just a memory?

What do we do about it?

via lewrockwell.com

you can tell the “what ifs” are mostly gone – http://live-free-in-an-unfree-world.com