Details Of 2010 Federal Income Taxes: Difference between revisions
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Revision as of 05:50, July 20, 2025
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The IRS has set many tax deductions and benefits instead for individuals. Unfortunately, some taxpayers who bring home a high 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. taxes at the 39.6% tax rate.
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