Deductions & credits

No, the tax calculation is not the same.

The calculation takes the tax on the total income (including the foreign income) then subtracts the tax on only the foreign income.  That effectively means the foreign income 'uses up' your lower tax brackets, and the rest of your income is now in higher tax brackets.

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=43


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