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Version du 11 novembre 2024 à 04:45
When one looks at total revenues for the United States, the biggest revenue is designed Personal Income tax. If you want to resolve a fiscal crisis the size of the one the United states currently finds itself in, you want to look at the biggest sources to make adjustments. Corporate Income taxes are so small as to be found irrelevant for this discussion. Ought to be fact I would personally encourage that Corporate Property taxes be abolished in the United States, if in support if the proposal for funding healthcare in this information is implemented. Otherwise, I believe that a Corporate Income Tax of 1.55% that cannot be reduced in in any manner should be implemented.
Because for the increasing tax rate of higher brackets, a reduction of taxable income attending the higher bracket saves you more tax than exact reduction at a very lower range. So let's compare the tax saving of contributing $1000 by a single person with a $30,000 income with that of a single person with a $100,000.
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