History For This Federal Income Tax: Difference between revisions

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Revision as of 15:40, 15 October 2024

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(iv) All unaccounted income should be declared. If such a disclosure is made before its detection via the Income Tax Department, probabilities of being trapped in the tax raid are lessened.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some on the changes passed in the 2001 EGTRRA.

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