Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 09:13, 20 July 2025
The IRS has set many tax deductions and benefits instead for people. Unfortunately, some taxpayers who earn a advanced level of income can see these benefits phased out as their income climbs.
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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary of $450,000. Part of Mary's income will be subject to U.S. income tax at the 39.6% tax rate.
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