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OneTenthofOnePercent

(6,268 posts)

1. Did you know that civillian contractors working overseas have personal exemptions?

Reply to xchrom (Original post)

Wed Jan 2, 2013, 07:23 AM

Jan 2013

Civilian contractor employees (Blackwater/XE/Halliburton/Lockheed/Northrop/Dyncorp/Mantech/etc...) have income tax exemptions of like $91,000. Spend 11+ months in a rolling calender year overseas (making an already large paycheck) and over $90k of it is tax free. So if you make $140,000 paycheck, you only get taxed on the last $50k in the $50k tax bracket.

Crazy.

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Highlight:

Excess-profits tax on defense contractors during wartime is long overdue [View all] xchrom Jan 2013 OP

Did you know that civillian contractors working overseas have personal exemptions? OneTenthofOnePercent Jan 2013 #1

That's why they need wars malaise Jan 2013 #2

sssshhhhh! Last Stand Jan 2013 #3

Agreed. peacebird Jan 2013 #4

Bigger picture -- we need a complete overhaul of Pentagon procurement & contracting OmahaBlueDog Jan 2013 #5

The best solution when it comes to defense contractors Pakid Jan 2013 #6

The few gaining from the sacrifices of many is now the standard operating indepat Jan 2013 #7

It's the New Gold Mine. And it's ever ReNewing. Nt xchrom Jan 2013 #8

Clinton banned war profiteering, Bush jr. unbanned it in his first year. Festivito Jan 2013 #9