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2024.11.01 08:48

Tax Rates Reflect Daily Life

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Tax consent. While avoiding tax payments is illegal, lowering taxable income is not necessarily. Stay in compliance by reporting taxable income and deductions that tend to be legally qualified for claim. Also, be specific file period and send payments coming from the due jour.

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Congress finally acted on New Year's Day, passing the "fiscal cliff" legislation. This law extended the existing tax rate structure for single taxpayers with taxable income of lower than USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For along with higher incomes, the top tax rate was increased to 13.6% These limits are determined prior to the foreign earned income exception to this rule.

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