Hi, I am considering a move to Brasil and am looking for basic tax information. I cannot seem to find it on google - is there a website, resource etc that I can easily use?
What I am looking for is to compare total tax rates for someone working within the US vs. expat working in Brazil. It seems that I will still have to pay some US taxes and some things may be double taxed.
E.g.
Income 70K - 30% US Tax
Income 70K - 20% Brazil Tax + 0 US Tax (because of -80K exemption)
Income 100K - 40% US Tax
Income 100K - 30% Brazil Tax + 5%x20K US Tax (because of -80K excemption)
I am NOT looking for job advice, moving, visas, cost of living, etc. NOT looking for tax services. Rough estimates of tax brackets would be great. Job is in Rio if that matters.
Thanks in advance!
What I am looking for is to compare total tax rates for someone working within the US vs. expat working in Brazil. It seems that I will still have to pay some US taxes and some things may be double taxed.
E.g.
Income 70K - 30% US Tax
Income 70K - 20% Brazil Tax + 0 US Tax (because of -80K exemption)
Income 100K - 40% US Tax
Income 100K - 30% Brazil Tax + 5%x20K US Tax (because of -80K excemption)
I am NOT looking for job advice, moving, visas, cost of living, etc. NOT looking for tax services. Rough estimates of tax brackets would be great. Job is in Rio if that matters.
Thanks in advance!
