Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 01:02, 12 November 2024
One more week until Tax Daytime. Have you filed yours yet? I haven't (probably should get on that, actually), any time I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I would even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going fork out up and log off scot-free?
U.S. citizens are to be able to shell out taxes on all incomes made in foreign gets. The proceeds are to be included their own income tax returns and the mandatory taxes are paid. However, for incomes that are taxed inside foreign countries, taxpayers may include a tax credit equivalent on the taxes paid but to the limit among the taxes that are going to have been paid when the taxable income was created domestically. For citizens that reside abroad, the IRS provides a tax free waiver for that first $92,900 earned in the year 2011.
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