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    Money earned overseas, when deposited in American banks, taxable?

    Job offer at University in Saudi Arabia

    0  Views: 443 Answers: 1 Posted: 14 years ago

    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.



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