[whong]

Hello everyone,

I am in accountant from NYC, relocated HKG last year.

SkinnyDogg: again, 40K USD annual salary is like 28K to 30K after tax... you have to consider it! Both NYC and HKG cost of living are high. it depends on what kind of quality of life do you want. in my point of view, if u can make over 15K HKD per month, that's very good compared to HK fresh graduates.

Erospoetae: Yes! u r absolutely right on the money. But, what we can do is... the first year we filed and paid US taxes. on the second year, you may file an 1040X to amend your previous year return because your conditions would have satisfied the time and purpose requirement. Please keep in mind-- as long as it's not a temporary stay-- US taxpayer can definitely fulfill the time and purpose requirement to claim foreign income exemption.

as far as HK taxes -- Mat was rite, work and live here-- just have to pay hk taxes no matter what...

[Mat]

15.000 HKD a month is rather low. The cheapest flats start around 4.000/5.000 a months so even by living a modest lifestyle you won't be able to save something ....Most of HK fresh graduates still live with their parents so 15.000 isn't that bad for them...

[PDLM]

The average individual income in Hong Kong is around HK$10,000 per month according to the latest census data.

[Robert.]

Hey Guys,
I have a similar question about salaries.
I'm interested in the position of architectural designer within a Hong Kong based firm.
I have 8yrs experience as a licensed architect (in Europe) and a MScArch.
What salary should I request?
Thanks

-NY income tax crazy? What about 52% in Holland...

[keto1]

US has double taxation because it doesnt have tax treaties with other countries.

Dunno why.

I've even read articles in Forbes or Fortune on how this reduces the influence Americans have overseas as it is a disincentive for Americans to work overseas.

And yeah, the taxes of socialist countries is way worse (I know from bitter experience )

[keto1]

Sorry, my mistake- the US does have tax treaties, but they are....somewhat deficient.

[cosmokat]

I'm from Boston, so know what it's like in NYC. I'd have to say, HK real estate is comparable to NYC. Other than rent, fuel/gas and owning a car in HK being higher than in NYC, pretty much any other aspect of living, I think HK is cheaper. Of course it all depends on your standard of living, but there are a lof of inexpensive dining options.

[PDLM]

Originally Posted by keto1

And yeah, the taxes of socialist countries is way worse (I know from bitter experience )

True, but the public healthcare, public transport, state pensions, and so on are far superior.