Re:Tampa Bay’s coming storm
by matttproud on Saturday September 09, 2017 @11:12AM
(#15207442)
CH VAT is cheap compared to it's neighboring countries! Heck, let's not kid ourselves about sales taxes in the U.S.; they are not necessarily cheap!
Re:Tampa Bay’s coming storm
by seanmcdirmid on Saturday September 09, 2017 @05:41PM
(#15209300)
Swiss consumer prices are super high except for cars, gas, and cigarettes compared to neighboring countries (France/Germany).
Thanks, so overall as a US expat in Zurich you wind up keeping more of your income than you would on the equivalent salary in the US? Is that correct?
Re:Tampa Bay’s coming storm
by seanmcdirmid on Saturday September 09, 2017 @05:39PM
(#15209289)
It depends. I'm not a tax accountant, but if you make under $100k, most definitely. Above that, you are into ge foreign tax credit and can get screwed, except Swiss also has a high cost of living and you can leverage foreign housing deductions, so...it's complicated.
But if you actually buy things, pay rent, etc...you will spend a lot more than in the states, so it's really a wash. And like I said, Swiss still have taxes, just not high income taxes...again, it's hard to compare.
Disclaimer: I lived in Lausanne, not Zurich, but I expect they are similar.
CH VAT on the other hand is high...it's not like Switzerland doesn't have taxes. They are just different.