That’s correct. You’d have to be earning way, WAY over the average Swedish salary before you start owing the IRS anything. That said, I wouldn’t put it past Trump to remove the foreign earned income exclusion to coerce people into moving back to the US as part of the ”trade war” nonsense.
Well I’m going back to school there first to get an actual degree. After that though yeah I’m expecting to make around 1/3 what I am currently, between switching countries and going from automation engineering to level design. I think it’ll be a worthwhile trade-off too
I’m doing my part fleeing to Sweden, granted I’m a programmer and game dev so not a scientist. I’m done letting the US profit off my skills though
Don’t forget to get rid of your US citizenship or they’ll still profit off your work.
i thought it was just that if the country you’re in taxed you less than what the US would, then you have to pay the difference to the IRS?
… and there’s no way in hell the US taxes less than sweden (and for anyone that hasn’t had an ice pick lobotomy that’s a good thing)
*edit: foreign tax credit
That’s correct. You’d have to be earning way, WAY over the average Swedish salary before you start owing the IRS anything. That said, I wouldn’t put it past Trump to remove the foreign earned income exclusion to coerce people into moving back to the US as part of the ”trade war” nonsense.
I assume you’re taking a big hit salary-wise (a trade-off I would make, for the record).
Cost of living. You earn a lot less in Europe/ UK, but you pay far less to have a basic standard of living, and enjoy the safety net.
Well I’m going back to school there first to get an actual degree. After that though yeah I’m expecting to make around 1/3 what I am currently, between switching countries and going from automation engineering to level design. I think it’ll be a worthwhile trade-off too
If you take into account all the things you don’t have to pay, that salary is not that low