Regional Chapters

Our website Sponsor, The Beacon Council:
MIAMI, WHERE WORLD’S MEET (à la rencontre des Mondes)

Our website sponsor,
BH International,
Relocation Services Beyond Expectations

Our website sponsor,
The Marriott Hotel Rive Gauche

Our website sponsor, Microsoft France

President's Council

Taxes

Three Levels of Taxes

Contrary to many perceptions, the United States has a relatively heavy and complex taxation system, which imposes taxes at the federal, state, and local levels. These taxes affect every American "fiscal" resident at the same rate as a citizen of the United States. You are considered an American fiscal resident if you fulfill any of the following conditions:

• You have a green (permanent resident) card.
• You have resided at lease 183 days in the United States during the last calendar year.
• You have resided in the United States for more than 30 days during the last calendar year, and at least 183 days during this same year and the two preceding years.

You can opt for the status of a American fiscal resident from your first year in the United States, depending on your financial interests or if you plan to file taxes with a spouse.

Taxes on Revenue

Though an American fiscal resident is taxable on world income, the agreements signed between France and many other countries with the United States allow expatriates to escape double taxation.

American taxes are deducted from employees' paychecks and reported to the Internal Revenue Service (IRS). A tax return must be filed each year by all American fiscal residents before April 15, declaring all income, dividends, capital gains, royalties,rents and other sources of revenue. There are numerous deductions possible, and many tax payers receive some tax refund several weeks after filing their tax form.

The state and local taxes greatly vary depending on your place of residence, and the place of business for companies. Despite the stereotype of the United States as a country with lower taxes than those of many European countries, this is not necessarily true when all federal, state, and local taxes are added up.

French Pensions

Pensions paid by a French pension plan to a US resident are taxable in France. The tax is withheld at the time of the payment of the pension. However in certain cases (multiple pensions or pension exceeding 38,214 Euros in 2006 (pensions), you must file an income tax return 2042 and the regularization of the payments is made by the Centre des Impôt des Non-Résidents (Tax center for non-residents). The tax return must include the details of the taxable pensions and of the withholdings.

For more information on taxes in the U.S., visit the following website:

General information http://en.wikipedia.org/wiki/Taxation_in_the_United_States

Internal Revenue Service (IRS) http://www.irs.gov/

Please note AmCham is open: Monday-Thursday 9:30-13:00, 14:00-18:00, Friday 9:30-13:00
AmCham France is not open to the public. Please call to make an appointment if you would like to come by.

09 Sep 2010

13 Sep 2010

14 Sep 2010

15 Sep 2010

20 Sep 2010

21 Sep 2010

23 Sep 2010

23 Sep 2010

27 Sep 2010

30 Sep 2010

Taxes