A History Of Taxes - Part 1: Difference between revisions
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Revision as of 03:46, 16 October 2024
Income protection insurance could be critical in troubled times. It is also often referred to as job loss insurance or redundancy insurance all of the UK also some other countries. The coverage protects the insured person against any partial or total income loss. The loss could also been due to various reasons such as loss of job, group winding up, reduction of pay, perhaps an accident or illness because that the person had which gives up the job. However do keep in mind that income protection insurance does not cover any pre-existing challenges.
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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 in the changes passed in the 2001 EGTRRA.