Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 02:57, 8 January 2025
pkmjagakarsa.com
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Now we calculate when there is any taxes due. Assuming for the moment that no income exists, we calculate taxable income by taking the exploit the business ($20,000) and subtract fantastic deduction (which is $5,950 for 2012) less the exemption deduction (which is $3,800 for 2012). The taxable income would then be $20,000 - $5,950 - $3,800 which equals $10,250. Based on tax law the extra earnings tax due for duty would be $1,099. So, the total tax bill for this taxpayer were $1,099 + $3,060 for their total of $4,159.
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