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~~Congress finally acted on New Year~~'~~s Day, passing the "fiscal cliff" ~~transfer pricing ~~laws~~. ~~This law extended ~~the ~~existing tax rate structure for single taxpayers with taxable income ~~of ~~less than USD 400~~,~~000~~, and ~~married taxpayers ~~with ~~taxable income of less than USD 450,000. For people higher incomes, the top tax rate was increased to thirty-nine.6% These limits ~~are ~~determined until the foreign earned income omission~~.

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