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Revision as of 19:44, 12 May 2026

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is apt to be approximately 3200 dollars.

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Canadian investors are be subject to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets in 2008, 2009, and the year. Other will pay will be taxed at the taxpayer's ordinary income tax rate. Its generally 20%.

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The increased foreign earned income exclusion, increased income tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for all American expats. Tax rules for expats are specialized. Get the specialized help you really have to file your return correctly and minimize your Ough.S. tax.

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