|
The "increase" in expat taxation is really only an issue for highly compensated execs with
big benefit packages and expats living in places with low income taxes. If you are in Europe you'll be paying local income taxes that are probably more than US so you can use the foreign tax credits to reduce your US taxes.
The thing that is worrying me most about retiring abroad is the downward trend in the dollar. I'd like to be able to invest in foreign markets which is difficult as a US citizen. FYI you can expartiate now if you have a net worth less than $2M without the IRS assuming that you are doing it for tax advantages and making you pay US tax for 10 years afterwards. For US expats living in most "1st world countries" expatriation doesn't offer many financial advantages, but it does greatly simplify the tax situation and let you invest where you are living.
|