close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    3. Money earned overseas, when deposited in American banks, taxable?
    Money earned overseas, when deposited in American banks, taxable?

    Job offer at University in Saudi Arabia

    Answer this
    0  Views: 435 Answers: 1 Posted: 14 years ago
    Comment this question

      1 Answer

      Not sure but I would think that you owe taxes to the country you earned it.  If deposited in a USA bank, you will certainly be taxed on the interest earned on that deposit.  We have many H1-B workers here in the USA, they pay taxes to US federal g'ment, plus SS and medicare.  What they send home to their family is probably taxed again in their own country.  I dunno, speculation.

      11 years ago. Rating: 0
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Uncategorized category

         
        ROMOS
        Answers: 18061 / Questions: 154
        Karma: 1102K
         
        Colleen
        Answers: 47269 / Questions: 115
        Karma: 953K
         
        country bumpkin
        Answers: 11322 / Questions: 160
        Karma: 838K
         
        Benthere
        Answers: 2392 / Questions: 30
        Karma: 760K
        > Top contributors chart
        535428
        questions
        769723
        answers
        885919
        users