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Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero.
On January 1, 2013, the American Taxpayer Relief Act of 2012 was passed permanently establishing an exemption of $5 million (in 2011 dollars adjusted for inflation) per person for U.S. citizens and residents, and a maximum tax rate of 40% for the year 2013 and beyond. [42] The 2012 Act again included a sunset provision to make its effect ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 30 September 2024. American multinational retail corporation operating department stores This article is about the retail chain. For other uses, see Walmart (disambiguation). Walmart Inc. Walmart location in Onalaska, Wisconsin Formerly Wal-Mart Discount City (1962–1969) Wal-Mart, Inc. (1969–1970 ...
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