The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 07:24, 16 September 2026
The courts have generally held that direct taxes are limited to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Co. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) Any other taxes are commonly referred to as "indirect taxes," basically because they tax an event, rather than an individual or property per se. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What was basically a straightforward limitation on the power of the legislature based on the topic of the tax proved inexact and unclear when applied to an income tax, that will be arguably viewed either as a direct or an indirect tax.
Basically, the government recognizes that income earned abroad is taxed with resident country, and end up being excluded from taxable income with the IRS in the event the proper forms are tracked. The source of the income salary paid for earned income has no bearing on whether is certainly U.S. or foreign earned income, but instead where the work or services are performed (as inside the example a good employee doing work for the You.S.
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