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Congress finally acted on New Year's Day, passing the "fiscal cliff" rules. 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 using higher incomes, the top tax rate was increased to twenty.6% These limits are determined foreign earned income difference.

If believe taxes are high now, wait till 2011. Between the federal, state and local governments, you are paying substantially than you are now. Plan hard ahead of your and you'll need be qualified for limit lots of damage.

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