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Revision as of 12:46, 15 September 2026

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Congress finally acted on New Year's Day, passing the "fiscal cliff" law. 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 along with higher incomes, the top tax rate was increased to 13.6% These limits are determined prior to the foreign earned income exception to this rule. According into the contents of her assessment, she was required spend for an extra R32000 (R=South African Rand or currency) on the surface of what she normally paid during earlier years - give of take 3 hundreds.

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