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#32
09-25-2006, 06:14 PM
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Re: Other Countries to Live/Play
[ QUOTE ]
It is my understanding that the 80k exemption only applies to earned income and gambling income isn't in that category. [/ QUOTE ] If you file as self employed, it is earned income. 
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#33
09-25-2006, 07:07 PM
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Re: Other Countries to Live/Play
[ QUOTE ]
[ QUOTE ] It is my understanding that the 80k exemption only applies to earned income and gambling income isn't in that category. [/ QUOTE ] If you file as self employed, it is earned income. [/ QUOTE ] Is the $80K exempt from self-employment tax, or just income tax?
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