Difference between revisions of "Offshore Business - Pay Low Tax"

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Revision as of 15:51, 31 October 2024

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

People hate paying income tax. Tax avoidance strategies are entirely legal and must be made good use of. Tax evasion, however, isn't. Make sure you know where the fine line is.

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