Constantin in the world

FEDERAL TAXATION FOR 2010 and following years

The key provisions of the law are;

- The raise of the tax rates for individuals earning more than $ 200.000 a year  for an individual filer going  from 33% to 36% and an over $ 250.000 yearly income for a couple filling jointly from 35% to 39,6%.

- Itemized deductions are also reduced for these brackets.

- Capital gains and dividend are taxed at 20% instead of 15% for these brackets.

- Estate tax is reinstated. with an exemption for estate wealth  below $ 3,5 millions.

- Also, a reform of taxation system for international submits foreign profits at US rates.