Difference between revisions of "A Good Reputation Taxes - Part 1"

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Revision as of 13:35, 8 January 2025

The IRS has set many tax deductions and benefits into position for individuals. Unfortunately, some taxpayers who bring home a advanced level of income can see these benefits phased out as their income ascends.

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Canadian investors are be more responsive to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for those who work in the 10% and 15% income tax brackets in 2008, 2009, and last year. Other will pay will be taxed at the taxpayer's ordinary income tax rate. Is actually not generally 20%.

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