Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 10:15, 15 August 2026
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Because of the increasing tax rate of upper brackets, a reduction of taxable income at a higher bracket saves you more tax than exact reduction during a lower area. 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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