Tag: Income tax
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Canadians Paid Over $350B in Income Tax in 2023—And It Doesn’t Stop There
In 2023, Canadians collectively paid over $350 billion in income taxes. While that figure alone is staggering, it barely scratches the surface when you factor in other taxes like Provincial Sales Tax (PST), Carbon Tax, property taxes, excise duties, and a myriad of hidden levies that significantly inflate the overall tax burden. Many Canadians are…
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IRS Unveils New Federal Income Tax Brackets For 2025
by Tyler Durden The IRS on Oct. 22 unveiled the new federal income tax brackets for 2025. As The Epoch Times’ Zachary Stieber reports, each bracket was changed, including the top one. Single taxpayers making more than $636,350, or couples making more than $751,600, will be subject to a 37 percent tax rate. That’s up from $609,350, and $731,200, respectively.…
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Bye Bye Brazil! – Tax Planning Considerations for Brazilian Investment in the United States: Part II – Additional Income Tax Considerations
I have mentioned in prior articles my affiliation with the South Florida law firm Osborne and Osborne, PA in Boca Raton. Back to the beginning! Boca Raton is where I started right out of the Army in 1987. I moved to Miami for law school. Even though I have been living in New England and…
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Offshore Banking Benefits
Offshore banking is a well-liked way of setting aside money outside of the country where you live. There are many plus sides to offshore banking, such as increased confidentiality for your money and protection against political or economic instability. Offshore banking first existed in the Channel Islands, and most offshore banks sit in island nations.…