What is “the wall of 1.03 million yen”?
“The wall of 1.03 million yen” relates to a proposal to reduce income (and resident) tax As of December politicians on the national stage have proposed to break “the wall of 1.03 million yen” (103万円の壁). But what does it mean? Under the present Japanese income tax code, the borderline between non-taxed income and taxed income… Read More »