Give Me a Freakin' Break!!!!

Another attack on Americans abroad

Another attack on the Foreign Earned Income Exclusion (FEIE) is on the way in Congress. According to H.R. 2495, the FEIE would be reduced to zero, subjecting all income earned abroad to US tax. H.R. 2495 ("To amend the Internal Revenue Code of 1986 to eliminate certain tax expenditures") currently in the House Ways and Means Committee contains language (Sec. 402) that would entirely remove the FEIE which allows Americans working abroad to exclude part of their foreign earned income from their US taxable income. Ironically, the bill does not touch the foreign housing exclusion which allows Americans the possibility of excluding some foreign housing expenses from their US taxable income. Actually, this particular paragraph in H.R.2495 could hardly be expected to increase tax revenue by the promised amount of 5.4 billion dollars as US taxpayers living abroad would start using various tax credits such as foreign taxes paid in an effort to reduce their US tax bill. Filing US tax forms will become even more complicated for Americans abroad and tax revenue will not increase. If anyone is from Massachusetts, please write to Tierney immediately and tell him this is crazy. His bill would eliminate the Foreign Earned Income Exclusion for Americans living overseas and would not bring in very much extra tax money. We DO pay taxes overseas. And the US is the only country in the world that taxes its citizens even if they live in another country and pay taxes to that country. Please write to Tierney and the bill's cosponsors (Steve Cohen [D-TN9], Keith Ellison [D-MN5], Raul Grijalva [D-AZ7], Jesse Jackson [D-IL2], Betty McCollum [D-MN4]) to tell them to remove this paragraph from the bill.

PRINCESS SCHOOL GIRL

My baby tells her dad that he has to call her "Princess School Girl". She likes the whole thing also, not just part of it. Everyday we walk her the half mile to school and pick her up three and a half hours later.

I was worried that she would get tired of all the walking and complain. She loves it. She tells us stories about school and we sing songs. Today the neighbor lady asked her how kinder was going. She told her bien and the lady asked how her Spanish was going. She said good.

Then the neighbor asked me how my Spanish was going. I told her awful and told her that the baby translates for me. She got a kick out of that and we heard her go into the house to tell all them about it.

It is great to see her making friends and forging bonds with our neighbors. When we go to school she is supposed to take a nutritious snack. So we stop in the corner store and pick up a yogurt, or drinking yogurt, or a strawberry milk for her to take to school. Every time we go into the store the store owner greets her and asks her about school.

She is growing up fast and it is good to see that she is not at all intimidated by living in a foriegn country and having to learn a new language. Today she learned the traditional Costa Rica dance and is excited to show it to us. Can't wait to see that.