A History Of Taxes - Part 1: Difference between revisions
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Revision as of 21:25, 30 October 2024
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Muni bonds should be owned transfer pricing with your taxable brokerage accounts, and in your IRA or 401K accounts because income in those accounts is tax-deferred.
Defenders belonging to the IRS position would say it pops up to Section 61. The waitress provided a service for me, and I paid for the product. Compensation for services is taxable. End of post.
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Contributing an insurance deductible $1,000 will lower the taxable income on the $30,000 per annum person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 12 months person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount!
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