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History Of The Federal Tax: Difference between revisions

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Revision as of 01:27, 10 September 2026


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Congress finally acted on New Year's Day, passing the "fiscal cliff" rule. 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 along with higher incomes, the top tax rate was increased to 13.6% These limits are determined ahead of foreign earned income exclusion. Large corporations use offshore tax shelters all the time but they it for legal reasons.

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