The questions are intended to ascertain whether the owners of the candy-colored homes are bona fide residents of the Virgin Islands or instead pretending to live in these homes to dodge an estimated $ 400 million in federal income taxes.
12.
The questions are intended to at ascertain whether the owners of the candy-colored homes are bona fide residents of the Virgin Islands or instead pretending to live in these homes to dodge an estimated $ 400 million in federal income taxes.
13.
First, an individual who is a bona fide resident of a foreign country or is physically outside the United States for an extended time is entitled to an exclusion ( exemption ) of part or all of their earned income ( that is, personal service income, as distinguished from income from capital or investments ).
