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Latest revision as of 17:04, 10 June 2026

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Congress finally acted on New Year's Day, passing the "fiscal cliff" legal guidelines. 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 thirty-nine.6% These limits are determined before the foreign earned income omission.

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