How Does Tax Relief Work: Difference between revisions

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Revision as of 05:54, July 28, 2025


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Because for the increasing tax rate of higher brackets, a reduction of taxable income at about a higher bracket saves you more tax than identical shoes you wear reduction at a very lower mount. So let's compare the tax saving of contributing $1000 by a single person with a $30,000 income with exactly what a single person with a $100,000.

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