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Re:Wealthy people are renouncing American citizenship by w0mbat on Thursday August 05, 2021 @12:58PM (#28076403)
As multiple people have explained, preparing the required paperwork each year is a major expense and hassle, even if you do not owe any tax. Also, if you are technical enough to frequent this web site and you think $108K is a lot of money, you are being underpaid.
Re:Wealthy people are renouncing American citizenship by jrochkind1 on Thursday August 05, 2021 @02:02PM (#28077288)
Googling, just the first one that comes up, suggests that median income for "software developer" in USA is $86,523. Meaning half make less, half make more. $100K is the 75th percentile, meaning 75% make less. (https://www.ziprecruiter.com/Salaries/Software-Developer-Sal...)

Some people that work in especially high-paid sub-industries have a mistaken idea of what typical "technical enough to frequent this web site" (?!) people make.

And even if most software developers did make over $100K, it could still be a lot of money? The median income in USA as a whole looks to be about $52K, with $100K being about 83rd percentile (83% of USA makes less than $100K).

Re:Wealthy people are renouncing American citizenship by AlphaSite on Thursday August 05, 2021 @08:21PM (#28081777)
I don’t think that zip recruiter data is accurate, apparently the average engineer salary in Sunnyvale is 100k, where I can see new grad salaries are above 120k and do that doesn’t take into account bonuses or stocks.
Re:Wealthy people are renouncing American citizenship by emodendroket on Thursday August 05, 2021 @09:54PM (#28082429)
We can all quibble over the exact numbers but I think the point is well taken: not only does a six-figure salary place you pretty high among American workers overall, but it also puts you in a better spot than many developers. Not everybody gets to work at prestigious tech companies
Re:Wealthy people are renouncing American citizenship by AnIdiotOnTheNet on Thursday August 05, 2021 @01:28PM (#28076837)
> Also, if you are technical enough to frequent this web site and you think $108K is a lot of money, you are being underpaid.

Sorry, what? Exactly how much technical ability does it take to frequent a website? You have the strangest delusion I've seen on HN and that's saying something.

Re:Wealthy people are renouncing American citizenship by Talanes on Thursday August 05, 2021 @01:47PM (#28077092)
To further illustrate that point: I'm a barista.
Re:Wealthy people are renouncing American citizenship by tacocataco on Thursday August 05, 2021 @06:28PM (#28080861)
I work food service.
Re:Wealthy people are renouncing American citizenship by ElFitz on Thursday August 05, 2021 @05:02PM (#28079770)
> Also, if you are technical enough to frequent this web site and you think $108K is a lot of money, you are being underpaid.

Most software engineers in Europe, aside from freelancers, and probably the world, don’t make anywhere near $108k.

Re:Wealthy people are renouncing American citizenship by emodendroket on Thursday August 05, 2021 @01:35PM (#28076933)
I just ran a search and found the median US personal income is around $35k. $108k may be low for a tech job but most people don't have high paying tech jobs.