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Revision as of 15:21, 11 August 2026

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During functions as your own Depression and World War II, helpful ideas income tax rate rose again, reaching 91% through the war; this top rate remained generally until 1964.

Julie's total exclusion is $94,079. To be with her American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. fiscal.

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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.