History Of The Federal Tax: Difference between revisions
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Latest revision as of 21:47, 8 September 2025
It starts on the much smaller scale, perhaps with sweets off a counter, but can quickly escalate if not challenged. Some of those men (and women) I have worked alongside as Prison Chaplain began their life of crime by pinching chocolate bars.
A personal exemption reduces your taxable income so you end up paying lower taxes. You most likely are even luckier if the exemption brings you together with lower tax bracket. For the year 2010 it is $3650 per person, same in principle as last year's amount. Around 2008, the amount was $3,500. It is indexed yearly for augmentation.
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