Couple things. First, not clear he is a California resident. Two, exchange rate and cost of living not accounted for in the analysis. Not sure those wipe out the whole difference but it makes a difference.
This is also assumes no other tax planning. I am no expert on it but I find it hard to believe there are no shelters available at all.
This is also assumes no other tax planning. I am no expert on it but I find it hard to believe there are no shelters available at all.
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