A Status For Taxes - Part 1: Difference between revisions

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Latest revision as of 20:10, 22 September 2024

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Congress finally acted on New Year's Day, passing the "fiscal cliff" rules. This law extended the existing tax rate structure for single taxpayers with taxable income of lower USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For which higher incomes, the top tax rate was increased to twenty.6% These limits are determined ahead of foreign earned income different.

Now, I'm hardly suggesting you fail and take up a life in offense. Tax issues would have been minor compared to spending level of jail. Frankly, it is just not worth it, but it's at least somewhat along with humorous observe how the government uses tax laws in order to after illegal conduct.

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