Foreign earned income exclusion a lower income taxpayer, even if the taxpayer is in a higher tax bracket. Foreign earned income exclusion The United States taxes citizens and residents on their worldwide income. Citizens and residents living and working outside the U.S. may be entitled to a foreign earned income exclusion that reduces taxable income. For 2017, the maximum exclusion is $102,100 per taxpayer, $103,900 for 2018 (future years indexed for inflation). In addition, the taxpayer may exclude housing expenses in excess of 16% of this maximum ($44.19 per day in 2015) but with limits. The exclusion is available only for wages or self-employment
Working Party on the Reorganisation of the Income Tax Act 1976 established initially to oversee the rewrite process, but from 2004 it was also tasked with determining whether there are errors (or "unintended legislative changes") in the rewriting of the Income Tax Acts. The Panel was disestablished in 2014. Its chairs were Colin Blair (1995–2003), Sir Ivor Richardson (2003-08) and David McLay (2008–14). Working Party on the Reorganisation of the Income Tax Act 1976 The Working Party on the Reorganisation of the Income Tax Act 1976 was a committee appointed by the New Zealand government to advise on the appropriate reorganisation of the income tax legislation. The Working Party was set