How Does Tax Relief Work: Difference between revisions
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Revision as of 18:53, 20 September 2024
The old adage is crime doesn't pay, but one certainly can wonder sometimes about the truth of it given how many of politicians that seem to be counterfeiters! Regardless, the fact you are making money from a crime doesn't mean you don't have to pay taxes. Correct. The IRS wants its unfair share of one's ill gotten gains!
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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some with the changes passed in the 2001 EGTRRA.