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Latest revision as of 20:40, 12 September 2026
Tax, it's not a dirty four letter word, however for many individuals its connotations are far worse than any bane. It's been found that high tax rates generally relate to outstanding social services and standards of living. Developed countries, wherein the tax rate exceeds 40%, usually have free health care, free education, systems to manage the elderly and a bigger life expectancy than individuals with lower tax rates. Contributing an insurance deductible $1,000 will lower the taxable income among the $30,000 annually person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000).
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Should the IRS attempt to give that you a reward escalating too low, your attorney can challenge the amount in Court. Why not get paid a reward from the irs instead of handing over taxes for deadbeats?