The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 05:13, 19 October 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 Denver colorado. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All the taxes are known as "indirect taxes," basically because they tax an event, rather than particular or property by itself. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What was a straightforward limitation on the power of the legislature based on the topic of the tax proved inexact and unclear when applied with regard to an income tax, that can easily be arguably viewed either as a direct or an indirect tax.
Basically, the irs recognizes that income earned abroad is taxed from the resident country, and could be excluded from taxable income using the IRS when the proper forms are registered. The source of the income salary paid for earned income has no bearing on whether it can be U.S. or foreign earned income, but rather where the project or services are performed (as in the example a good employee being employed by the You.S.
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