Difference between revisions of "History Of The Federal Tax"

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Latest revision as of 03:10, 21 September 2024

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3 A 3. All individuals devote tax @ 15.00 % of earnings over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in the nature and revenue stream.

Someone making $80,000 each is not really making a great deal of of hard cash. The fed's 'take' is quantity of now. Taxation originally started at 1% for the very rich. And so the government is looking to tax you more.

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