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2025年9月8日 (月) 14:54時点における版


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(iv) All unaccounted income should be declared. If such a disclosure is fashioned before its detection by the Income Tax Department, odds of being trapped in the tax raid are lowered.

Because from the increasing tax rate better brackets, a reduction of taxable income having a higher bracket saves you more tax than exactly the reduction through a lower bracket. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with what single person with a $100,000.

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