01-27-2010, 01:53 AM
The expat tax exemption is $91400 in 2009 plus you get a dollar for dollar exemption on any taxes you payed in your local domocile plus you can get some housing cost exemption. I exceeded this by a fair margin and my accountant managed to make sure I paid no US taxes. This is, however, kraut money from a kraut company into a kraut account that i paid kraut taxes on. If you were receiving your US pay check from a US company in US dollars, it could be a different scenario.
Where in India? Are there lots of othere foreigners in the company/other companies there? Having a good expat community around makes for a big difference. I know in a lot of the more non western foreign countries all the expats pretty much live together.
In the end, though, you have to make a judgment about your kids. Some kids thrive in such environments and some are miserable. I resented my parents for a long while when they took me out of a settled social environment and hauled my happy ass off to Alaska between 8th and 9th grade.. Although that is more third world than India....
Where in India? Are there lots of othere foreigners in the company/other companies there? Having a good expat community around makes for a big difference. I know in a lot of the more non western foreign countries all the expats pretty much live together.
In the end, though, you have to make a judgment about your kids. Some kids thrive in such environments and some are miserable. I resented my parents for a long while when they took me out of a settled social environment and hauled my happy ass off to Alaska between 8th and 9th grade.. Although that is more third world than India....