Comment

Oh Noes! Even Big Bird's Losing It!

341
shutdown10/02/2009 8:25:04 am PDT

re: #339 Walter L. Newton

re: #93 imp_62

The average tax burden in many European countries is equal to that in the U.S. or lower, depending on local variables. Note Switzerland, which has the highest quality of living (based on recent polls) and the city - Zurich - with the highest desirability amongst expatriates.
[Link: www.google.com…]

re: #142 imp_62

No need to be belligerent.

Sorry I missed your post. You are correct with a qualifier for empirical evidence: US law requires US expatriates to pay the positive difference between what your US taxes would have been and what your foreign taxes are. I.e. if I would have to pay $10 in the US and have paid $8 in London, then I owe the IRS $2. There was a time when almost no-one had to pay into that scheme. Now, most people do as the US taxes have caught up with and in some cases surpassed rates in European countries.