Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 07:03, 5 October 2024
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Because with the increasing tax rate better brackets, a reduction of taxable income within the higher bracket saves you more tax than aren't reduction at a very lower class. So let's compare the tax saving of contributing $1000 by a single person with a $30,000 income with that of a single person with a $100,000.
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