Difference between revisions of "2006 Involving Tax Scams Released By Irs"
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Revision as of 14:52, 21 July 2025
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Marginal tax rate is the rate of tax obtain a on your last (or highest) quantity income. In the last described example, the person is being taxed with a marginal tax rate of 25% with taxable income of $45,000. This would mean the child is paying 25% on her last dollars of income (more than $33,950).
According on the contents of her assessment, she was required to spend an extra R32000 (R=South African Rand or currency) on surface of what she normally paid during the last years - give of take some of hundreds. After checking her documents, I inquired her if she had earned any extra income away from her teaching and she said No!
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