Originally Posted by
TonyC
Mainland China: progressive tax rate, 45% above 100,000 RMB (~12,000USD)
Chinese tax on 200,000 USD = $90,000
Foreign taxes paid by employer is accrued to employee as benefit taxable on US income tax return
Study PWC material when it becomes available ...
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Tony
Mesa Tax Equalization package is better. Mesa pays the Chi Comms and the pilots pay Uncle Sam. In other words the pilots keep the Foreign Income Exclusion not fred. I could be wrong, have been waiting to see some tax info for 3 weeks! Would rather see the tax info my union dues paid for!
LAG