Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 25.08.2015, 23:15
Newbie
 
Join Date: Aug 2015
Location: Colorado
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Hapablap has no particular reputation at present
US Taxes - please help rule of thumb

My husband is in very early stage discussions about a job transfer from the U.S. to Zurich. In determining a budget for a family of three (two adults and one toddler), we cannot get our head around a rough percentage/amount of tax we will have to pay to the U.S. I am easily able to find the tax amount for Switzerland.

Assume the following:

Yearly income 150,000 CHF
2 adults, 1 child
Will rent in Zurich
Will rent out home in U.S. with rental income just covering mortgage payment.

How much should we set aside for US taxes?

By the way, I love this forum and have found so much helpful information here. But this tax question eludes me! Thank you?
Reply With Quote
  #2  
Old 26.08.2015, 00:04
FunnyBone's Avatar
Senior Member
 
Join Date: Jan 2015
Location: Earth
Posts: 496
Groaned at 24 Times in 18 Posts
Thanked 709 Times in 326 Posts
FunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond repute
Re: US Taxes - please help rule of thumb

To start with:

https://americansabroad.org/issues/t...ng-abroad-faq/

Check out IRS's website, too, although it might get confusing.

Keep it as simple as you can. Attach a letter to explain your situation (if there is something you really don't understand) - you might get contacted back if they need more info from you, or if you need to pay more, or they will reimburse if you paid too much.
Reply With Quote
  #3  
Old 26.08.2015, 01:27
Newbie
 
Join Date: Aug 2015
Location: Colorado
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Hapablap has no particular reputation at present
Re: US Taxes - please help rule of thumb

I know it is complicated but I am hoping for a general percentage answer. Is that possible? Anyone in about this situation care to share the amount we should budget?
Reply With Quote
  #4  
Old 26.08.2015, 01:36
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,753
Groaned at 209 Times in 181 Posts
Thanked 11,072 Times in 6,277 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: US Taxes - please help rule of thumb

Quote:
View Post
I know it is complicated but I am hoping for a general percentage answer. Is that possible? Anyone in about this situation care to share the amount we should budget?
Your U.S. Taxes will exceed Swiss taxes so you should be able to work out your liabilities to Uncle Sam.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1/4 net income > rent "rule of thumb" GBer Housing in general 28 14.03.2013 11:09
Physical Presence Test Help (US Taxes) jerallie Finance/banking/taxation 9 04.06.2012 22:52
Explanation of a German grammar rule please ecb Language corner 40 05.11.2011 16:17
Pluses of US passport. Please help. Plus Employment 32 16.05.2008 17:59


All times are GMT +2. The time now is 12:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0