http://www.offshorepress.com/vkjcpa/offshore-employment.htm - why has no one else told me about this?!!?!

excerpt:
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Section 911 of the U.S. tax law permits U.S. taxpayers to earn up to $91,400 per year of tax free income. (This amount is adjusted for inflation each year.)

But there is a "small" catch.

The taxpayer must earn that income by living and working outside the U.S. for at least 330 days out of 12 consecutive months or must become a permanment resident of the foreign country. This rule exists to encourage U.S. employees to accept assignments by their multi-national employers in various countries that may have poor living conditions and to encourge the employee to accept extended separation from his or her family in the U.S.
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Anyone that knows tax law well please let me know.

But from what I read if you are a citizen of US and your business isn't tied to belize you dont pay belize income:
"Residents of Belize (individuals and companies) are liable to tax on their worldwide income with the exception that individuals resident in Belize but domiciled elsewhere are not liable to tax in Belize on income earned outside of Belize unless that income is remitted to Belize."

So pretty much you stay here most of the year and can make 100k un taxed? This just made this place sooo much more awesome. I will be having my lawyers and accountants look into this (after i fire the current ones for not telling me about this).

Comments needed/welcomed?

AC