Do I have to pay US tax after paying taxes on my income in China?

The principle of American tax law is that there is no double taxation. After paying China tax, China income of investment immigrants does not need to pay US tax or make up a small amount of US tax.

Many children who invest in immigrant wives live and go to school in the United States, and their husbands still work hard to make money and have their own careers in China. They can not only enjoy American welfare, but also pay less or no American tax.

First of all, Mr. Wang's income in China, such as salary bonus, dividend, rent interest, etc. China tax has been paid, which can be used to offset the US tax. Generally speaking, China's high-income tax is higher than that of the United States, and China basically does not have to pay taxes in the United States after paying taxes. Only when the China tax paid is lower than the US tax will the difference be made up.

Secondly, if Mr. Wang works and lives in China for more than 330 days a year, there is a tax exemption of $93,000 (or the corresponding income is tax-free in proportion to the number of days of residence). After deducting income, the US tax payable is less, that is to say, the US tax after deducting allowances will not exceed the higher China tax, and even if the China tax is lower, there is no need to pay US tax.

Finally, tax returns in the United States can enjoy many tax benefits. For example, income can be deducted from the housing tax and mortgage interest paid, and children's tuition can be refunded. Income can be deducted from medical insurance and retirement funds.

Therefore, the income of most investment immigrants in China is between $250,000 and $6,543.8+0,000, and they basically don't have to pay US tax or rarely pay US tax, and there may be tax rebates.