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Don't forget the worse part: salaries are much much lower in third-world nations - at least here in Malaysia - especially after considering currency conversion.
by yen223 14y ago
Don't forget the worse part: salaries are much much lower in third-world nations - at least here in Malaysia - especially after considering currency conversion.
To put this into perspective: median annual salary for software engineers in Malaysia is about RM45,000, which is $15,000 a year. A 'highly-paid' consultant might make about RM150,000 a year - all of $50,000 per annum.
- greg5green 14y agoDon't forget that Americans working overseas still have to pay the IRS!
- seanmcdirmid 14y agoWe get a $90K blanket exemption + we can directly deduct whatever we pay for taxes in the country we are working in. So it usually works out to $0 + the expense of filing a tax form. Disclaimer: I am not a tax attorney and this shouldn't be taken as advice.
- sneak 14y agoSo have US customers (who pay near-US rates) and outsource all your work to skilled local contractors. Added bonus: it scales way beyond your normal 168/hour week cap.
- seanmcdirmid 14y agoAnd where do you find those "skilled local contractors"? And why should they work for you vs. a stable job? You can take advantage of local labor sometimes, but its definitely not a given, and it never lasts very long.