A Background Of Taxes - Part 1: Difference between revisions

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Because within the increasing tax rate better brackets, a reduction of taxable income having a higher bracket saves you more tax than exact reduction in a lower class. So let's compare the tax saving of contributing $1000 by a single person with a $30,000 income with what single person with a $100,000.

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Of course to avoid having pay a visit to through almost all this, please keep your income tax papers in a good location where you're able to retrieve them when require to them.

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