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Revision as of 04:54, 22 September 2024

After all the festivities, laughter, and gift giving for the holidays, giggles and grins quickly meld into groans and glowers as Taxes Preparation Season rears its ugly sight. From January 15th until April 15th, Americans fuss and fume about our increasing income taxes. Nevertheless, in an odd sort of way, some must love the gloom since they'll file for an extension, prolonging the agony of the inevitable.

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is apt to be approximately 3,000 dollars.

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