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Expat Community > Bahamas

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Higher cost of living vs. No income tax

5 years ago
I have been offered a job in Nassau. The job pays 85 k per year. When I expressed concern about the high cost living, my future employer said this was offset by the lack of Federal income tax. In the U.S., I currently pay about 30% of my income in state and federal taxes. I'd be interested in learning others' opinions on this. Although we don't necessarily need a "resort" lifestyle, we would need threes house or condo in a relatively safe area. In your experience, does the lack of federal tax off-set the high cost of living? We have a few weeks to decide. Thanks in advance for your insights.

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