Difference between revisions of "Tax Rates Reflect Life"

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Latest revision as of 06:37, 12 November 2024

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

These figures seem to oblige the argument that countries with high tax rates take proper care of their home owners. Israel, however, includes a tax rate that peaks at 47%, very nearly equal to this of Belgium and Austria, yet few would contend that that in identical shoes class for civil transporting.

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