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Latest revision as of 16:25, 9 October 2026


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If you added the 423.5 billion still needed to create the annual budget balance, we possess to increase revenues by 1,739.9 billion per august. The total revenues in 2010 were 2,161.7 billion and paying on the debt in 10 years would require an almost doubling for the current tax revenues. I'm going to figure for anjing 10, 15, and 30 years. Congress finally acted on New Year's Day, passing the "fiscal cliff" the law.

This law extended the existing tax rate structure for single taxpayers with taxable income of when compared with USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For along with higher incomes, the top tax rate was increased to 39.

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