The IRS’ Statistics of Income division has released the latest data on individual income tax returns (hat tip: TaxProf Blog). You can download the full PDF, or go to the list of tables. This report is mostly a dry list of figures slicing tax returns every which way. I’ve extracted some numbers which may be of interest to U.S. Persons abroad, and tried to come up with some theories to explain them. If you have any better theories, feel free to suggest them in the comments.
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Tag Archives: Foreign Earned Income Exclusion
Foreign Earned Income Exclusion-killing "Budget For All" defeated
The Congressional Progressive Caucus’ “Budget for All”, which would have repealed the Foreign Earned Income Exclusion, was voted down by 78–346 last week. It was formally proposed as Amendment 4 to H.Con.Res. 112; OpenCongress.org has the roll call. The House passed Paul Ryan (R-WI)’s budget instead. However, regardless of the failure of the “Budget For All”, Americans Abroad Caucus members who voted in favour of it still owe an explanation to U.S. persons abroad.
Congressional Progressive Caucus "Budget For All" would end Foreign Earned Income Exclusion
The Congressional Progressive Caucus, one of the larger Democratic Party caucuses, has proposed to end the Foreign Earned Income Exclusion in their 2013 “Budget For All”, details of which were revealed yesterday following a vague press release last week. As U.S. persons abroad have already learned, when American homelanders use words like “all” and “us”, we are decidedly not included, except when they want money from us. Indeed, with this latest budget proposal, even members of the Americans Abroad Caucus have come out in support of eliminating the FEIE.
