A Good Reputation Taxes - Part 1: Difference between revisions

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Revision as of 18:01, 22 September 2024

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Because of the increasing tax rate of higher brackets, a reduction of taxable income having a higher bracket saves you more tax than aren't reduction during a lower range. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with exactly what a single person with a $100,000.

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