2006 Tax Changes~ Expat Married to Expat Question?

Both my husband and i are Expats. How are these new changes going to affect us?!?!?!?! What kind of options do we have for minimizing the damage!?!?!

Can Anyone HELP?!?!?!

OH and no naughty or mean answers please..

Answer:
The changes were a bit of a surprise and could have a very large impact on some folks. The rules have yet to be established but the early read is something like this. Americans working abroad will be exempted from paying U.S. taxes on the first $82,400 of their foreign earned income, up from $80,000, but the tax exemption on foreign housing expenses will be significantly reduced, and investment income will be taxed at a higher rate, by up to 20 percent more in some cases. The following link provides some information but this is so new that we don't know yet. If all you are excluding it would appear that it will not have much effect.
http://www.aca.ch/double.htm

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