Difference between revisions of "History With The Federal Taxes"

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Revision as of 08:49, 31 October 2024

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Congress finally acted on New Year's Day, passing the "fiscal cliff" law. This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For those with higher incomes, the top tax rate was increased to 39.6% These limits are determined foreign earned income exemption.

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