Paying Taxes Can Tax The Best Of Us: Difference between revisions

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Revision as of 21:00, 22 September 2024

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Because of this increasing tax rate of higher brackets, a reduction of taxable income within the higher bracket saves you more tax than very same reduction on a lower clump. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with a single person with a $100,000.

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