In 2014, morethan a quarterofallexpatslivinginSingaporewerepaidover $200,000 dollars a year. But a highsalarydoesn’t necessarilytranslateto a higherqualityoflife.
Accordingto U.S. taxcode, foranyamountearnedoverabout $100,000 dollars a year, U.S. citizensabroadhavetopaytaxesinadditiontothoseimposedbytheirnewhomecountry.
Thishasledtonearly 3,500 Americanexpatsrenouncingtheir U.S. citizenshipin 2014.
Expatriationmayjustbethelifeforyou, butbecareful, itisnotthateasytofind a newcountrywithlowtaxes, highqualityoflife, highsalaries, and a relativelyaffordablelifestyle.