2021 International Slides 12.09.2021 - FINAL | Page 10
• Assumed facts
‣ Foreign income , pre-tax $ 1,100
‣ GILTI 1,000
‣ Foreign taxes 200
‣ Corporate tax rate 21 %
‣ Individual tax rate 35 %
‣ Net Investment Tax rate 3.8 % for MFJ if MAGI > 500k ( 400k single )
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