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Revision as of 10:43, 16 September 2026


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Whenever it is easy to transfer income to a person in a lower tax bracket, it should be done. If profitable between tax rates is 20% the family will save $200 for every $1,000 transferred into the "lower rate" relation. Conversely, earned income abroad, and passive income from foreign securities, rental, or other suggestions abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, could be as credits against You.S. taxes due.

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