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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?
by bogomipz 9y ago
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?
- seanmcdirmid 9y agoIt 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.