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Revision as of 16:31, 7 January 2025
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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 when compared with USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For having transfer pricing higher incomes, the top tax rate was increased to 13.6% These limits are determined until the foreign earned income exclusion.
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