History Of The Federal Income Tax: Difference between revisions

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Revision as of 05:30, 15 August 2026

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

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