Difference between revisions of "Annual Taxes - Humor In The Drudgery"
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Revision as of 17:09, 7 January 2025
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Because from the increasing tax rate of higher brackets, a reduction of taxable income in a very higher bracket saves you more tax than aren't reduction during a lower bracket. So let's compare the tax saving of contributing $1000 by an individual with a $30,000 income with a single person with a $100,000.
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