One thing that will not change after you retire is your required tithe to the IRS. That probably doesn’t surprise anyone, but many people fail to account for tax requirements during their golden years. Just because your annual income will decrease, that doesn’t mean you won’t have some hefty taxes to pay. Here are a [...]
Continue Reading →
A sunny climate isn’t the main reason Americans head for the UAE, but it certainly helps. Actually, one trait of the UAE’s tax system that causes an American to wave goodbye to the US is that you don’t have to pay income tax there. If you successfully apply and register asa UAE resident for tax purposes, you’ll become exempt from income tax payable to the US Government. There’s no escape from the council tax, though. Combine this [...]
Continue Reading →