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2025年3月5日 (水) 23:39時点における最新版

Tax, it is not a dirty four letter word, but for many of people its connotations are far worse than any problem. It's been found that high tax rates generally relate to outstanding social services and high standards of living. Developed countries, wherein the tax rate exceeds 40%, usually have free health care, free education, systems to appreciate the elderly and a large life expectancy than along with lower tax rates.

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Because of your increasing tax rate of higher brackets, a reduction of taxable income with higher bracket saves you more tax than the same reduction to a lower mount. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with that of a single person with a $100,000.

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