Government Tax Deed Sales: Difference between revisions

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Latest revision as of 18:31, 20 September 2024

Through the proposed DTC / GST legislations, the government has acknowledged the demand of new revenue system but the proposed new laws apparently appear pertaining to being even more complicated then the present one.

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Contributing an insurance deductible $1,000 will lower the taxable income of your $30,000 yearly person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!

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