Global Advisory Tax Group
  • Welcome
  • About Us
  • People
  • Areas of Practice
  • Client Login
  • Newsletter
  • Payment

2013 Fiscal Cliff Update

1/8/2013

 
The fiscal cliff is otherwise known as the sharp decline in the budget deficit that could have occurred beginning in 2013 due to increased taxes and reduced spending as required by previously enacted laws. The fiscal cliff was largely eliminated by the eleventh-hour passage of the American Taxpayer Relief Act of 2012.
 
HIGHLIGHTS
 
  • 39.6% Tax Rate for incomes above $400,000 ($450,000 for families)
  • All Other Bush-Era Tax Rates Extended
  • 20% Maximum Capital Gains / Dividend Tax Rate
  • Maximum 40% Estate / Gift Tax Rate
  • Permanent AMT Patch
  • One-Year Extension of Many Business Tax Extenders


Comments are closed.

    Global ATG

    Archives

    November 2013
    August 2013
    March 2013
    January 2013
    December 2012

    Categories

    All
    Americans Abroad
    Doma
    Expatriates
    Renouncing Citizenship
    Same Sex Marriage

    RSS Feed

Welcome | About Us | People | Areas of Practice | Client Login | Newsletters | Payment


Copyright 2013 Global Advisory Tax Group. All rights reserved. Circular 230 Disclaimer.