Posted by Scott on October 6, 2009, 7:14 pm, in reply to "Re: cost of living"
173.85.193.150
US citizens still owe taxes in the US, no matter where they're living. However, there is a very generous allowance of about 85,000 dollars per person. While you have to file, you only pay on earnings above this amount.
Ireland taxes your income as well and if that is social security income, well you still owe it to the Irish tax man. Currently, earnings above 8,000 or so are taxable.
There is a double taxation agreement with the US so that any taxes you pay to the irish revenue commissioners is deducted from any bill you owe the IRS.
Lots more in the full site, money section, taxes page.
SCott
--Previous Message--
: From what I understand reading the
: information, USA SS is taxed in Ireland.
: One must file if income is over 8000 Euro.
: Please correct me if I am wrong.
:
: --Previous Message--
:
:
: --Previous Message--
: What is the income necessary for a retired
: couple to live on moving to Co. Donegal
: area, from the states? How much in Euro? I
: know the dollar is sliding, and social
: security is taxable income in Ireland. I
: have alrady calculated that a rental home
: would be 700 Euro a month. I realize there
: are variable depending upon vices, (are pets
: a vice). Any input would be appreciated. I
: am not asking for the cost of moving, but
: rather the everyday expectations. Thank
: You.
:
: Let me back up a bit. Social Security is
: taxable in Ireland? Do you mean it is
: taxable if total income is above a certain
: level? Or do you mean it is taxable
: regardless of total income? Please explain.
: Thanks.
:
:
:
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