Paying Taxes Can Tax The Better Of Us
120.00 $
Published date: 01/31/2025
- Location: 55624, Gosenroth, Yorkshire , United Kingdom
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Remember, a personal exemption of $3650 isn't deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This allows you to under the marginal tax rate of 25%. Therefore the money you can lay aside on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For or else you spouse, that'll be multiplied by two which save $1825.
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