Crime Pays But You Have To Pay Taxes When You Hit It
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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 as compared to USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For lanciao those with higher incomes, the top tax rate was increased to 22.6% These limits are determined before a foreign earned income different. Errors in tax preparation and on tax returns can spend you heavily on income tax front.
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