What May Be The Irs Voluntary Disclosure Amnesty: Difference between revisions
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Revision as of 20:41, 22 January 2025
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With a C-Corporation in place, hand calculators use its lower tax rates. A C-Corporation starts out at a 15% tax rate. When tax bracket is compared to 15%, you will be saving on the main. Plus, your C-Corporation can double for specific employee benefits that transfer pricing performs best in this structure.
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.
In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some with the changes passed in the 2001 EGTRRA.