Difference in taxes on life insurance for different citizenships?
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Whats the difference in taxes paid on life insurance when you are a) an American citizen b) a German citizen c) have dual citizenship
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Answer:
Life insurance proceeds paid upon death are not taxed in the US regardless of citizenship. No idea what the German treatment is.
Alex at Yahoo! Answers Visit the source
Other answers
There is no U.S. tax on life insurance. Therefore, the answers are a) Zero b and c) Whatever Germany's tax on life insurance (if any) is
StephenWeinstein
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