Difference between revisions of "Dealing With Tax Problems: Easy As Pie"

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Latest revision as of 00:16, 23 September 2024

Through the proposed DTC / GST legislations, the government has acknowledged the need of new revenue system nevertheless the proposed new laws apparently appear to be even more complicated then the present one.

10% (8.55% for healthcare and 3.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), could be less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Decreasing the amount in order to a 3 or more.5% (2.05% healthcare 1.45% Medicare) contribution everyone for an absolute of 7% for lower income workers should make it affordable each workers and employers.

Monitor changes in tax guideline. Monitor changes in tax law throughout all seasons to proactively reduce your tax bill. Keep an eye on new credits and deductions as well as those that you'll have been eligible for in slimming that are going to phase aside.

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