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Because of this increasing tax rate better brackets, a reduction of taxable income with the higher bracket saves you more tax than exact reduction for any lower area. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with what single person with a $100,000.

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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary of $450,000. Part of Mary's income will be subject to U.S. transfer pricing tax at the 39.6% tax rate.

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