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Version du 30 octobre 2024 à 19:08
One more week until Tax Morning ,. Have you filed yours yet? I haven't (probably should get on that, actually), and when I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I should even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going to fund up and jump off scot-free?
I hardly have to tell you that states along with the federal government are having budget downfalls. I am not advocating a political view from the left another choice is to right. The details are there for everyone to see. The Great Recession has spurred the government to spend to effort to get from it rightly or erroneously. The annual deficit for 2009 was 1.5 trillion dollars and the national debts are now only about $13 mil. With 60 trillion dollars in unfunded liabilities coming due on the inside next thirty years, brand new needs dollars. If anything, the states are in worse outline. It is not quite picture.
The Tax Reform Act of 1986 reduced really rate to 28%, in the same time raising backside rate from 11% to 15% (in fact 15% and 28% became one two tax brackets).
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