US Nonresidents (non citizens or permanent residents) do not have to pay US capital gains taxes on the purchase and sale of stocks on the US stock exchange or other US situs stock. This is a tremendous tax shelter for US nonresidents. They are required however to pay US income taxes on dividends paid on those stocks.
Nonresidents also do not have to pay US income taxes on interest earned from banks, savings and loans and on US government bonds.
Nonresidents also do not have to pay US income taxes on interest earned from banks, savings and loans and on US government bonds.
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