what is the effective tax rate for an american in japan earning 1 million dollars?
various local taxes must be paid and then offset against the u.s. tax obligation (because no double taxation). so what is the net tax bill after taken into account, for a large salary based income, i.e. usd 1 mil. do NOT account for state and local taxes in the u.s., just federal tax.
Taxation best answer:
Answer by bostonianinmo
Essentially it would be the higher of the Japanese or US liability. The FEIE muddies that slightly but at that income level the benefit would be relatively small, on the order of 1.5% or so.
Taxation
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