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Latest revision as of 17:55, 16 September 2026

The IRS Reward Program pays whistleblowers millions for reporting tax evasion. The timing of the new IRS Whistleblower Reward Program could not be better because we live in a time when many Americans are struggling financially. Unfortunately, 10% percent of companies and ndividuals are adding to our misery by skipping out on paying their share of taxes. When you tap within your 401(k), 403(b) or every other retirement plan before you reach 59? the IRS will fine you 10% for this taxable income for being irresponsible.

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Then the state comes back, asking the tax payer to repay the space. It is unfair, it is unjust, individuals revolt. Congress finally acted on New Year's Day, passing the "fiscal cliff" rules. This law extended the existing tax rate structure for single taxpayers with taxable income of lower USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For having higher incomes, the top tax rate was increased to 13.

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