2022 vs. 2021 Income Tax Brackets
The Progressive Tax System
Since it was first enacted during the Civil War, our income tax has been revised to use a "progressive" system. This is based on the theory that the national tax burden should be shared according to a taxpayer’s ability to pay.
Thus, low-income taxpayers pay lower taxes than high-income taxpayers. The difference is not just the total amount of tax. The tax per dollar of income increases with the amount of income. For everybody, the first dollar of income is taxed at the same rate. But as income...
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Find Dependable Tax Services in Parkland, FL
The last thing on your mind in September is to file your taxes. Depending on your situation, it can involve a quick, simple visit to your tax professional and after a few minutes you’re done. However, most people don’t take the time to take inventory of their deductions or even pay careful attention to their tax professional in Parkland. You may be surprised how much money you’re throwing away. But there are plenty of things you can do between now and April 15th to save money. But you don’t have to be an expert...
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