Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 02:22, 5 October 2024
After all the festivities, laughter, and gift giving for this holidays, giggles and grins quickly meld into groans and glowers as Income tax Preparation Season rears its ugly visage. From January 15th until April 15th, Americans fuss and fume about our rising income taxes. Nevertheless, in an odd sort of way, some must love the gloom since they'll file for an extension, prolonging the agony of the inevitable.
Defenders for this IRS position would say it pops up to Section 61. The waitress provided a service for me, and I paid for the product. Compensation for services is taxable. End of record.
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In addition, the exclusion is only one good thing that multiplied. The income level by which each tax bracket applies was increased for inflation.
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