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Version vom 26. Februar 2025, 06:03 Uhr
Through the proposed DTC / GST legislations, the government has acknowledged the demand for new revenue system nevertheless the proposed new laws apparently appear with regard to even more complicated then the present one.
Contributing a deductible $1,000 will lower the taxable income on the $30,000 each and every year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 every year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount of!
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