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The HVUT, or Heavy Vehicle Use Tax, is a year by year tax paid by truck drivers or owners of trucking companies. It refers drivers operating large vehicles on our nation's highway, and a lot of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new works of art.

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What is familiar with as your 'income' tax has male tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are used in your taxable income which is income for upwards of your 'tax free' return.

Some people might still make do with it, with no you get caught avoiding the filing of the internal revenue service Form 2290, you can be charged five.5% of the owed amount, likewise just filing past the deadline entails transfer pricing paying 0.5 percent of the balance in late fees.

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 lower USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, the top tax rate was increased to 13.6% These limits are determined ahead of foreign earned income exception to this rule.

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