How To Handle With Tax Preparation: Difference between revisions

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Revision as of 19:06, 22 September 2024

Not too long ago, this concept was the brainchild of a group under investigation from IRS and named in a Congressional Testimony detailing for example fraud relating to taxes and teaching people how to lessen their taxes through beginning a home based business. Today, this group has merged with the MLM company that sells paid legal insurance plans on an almost door to door basis. This article explains how they get their foot in the door to sway someone who is on a gate about joining their organization by when using the "Reduce Your W2 Taxes Immediately" plan, and what the irs will do to those who use these schemes to avoid taxation.

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Because of this increasing tax rate of upper brackets, a reduction of taxable income to the higher bracket saves you more tax than exactly the same reduction through a lower group. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with exactly what a single person with a $100,000.

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