Difference between revisions of "Paying Taxes Can Tax The Better Of Us"

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Revision as of 15:58, 21 July 2025


The HVUT, or Heavy Vehicle Use Tax, is once a year tax paid by truck drivers or owners of trucking companies. It applies to drivers operating large vehicles on our nation's highway, and ranks money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new comes.

This offers us a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us an entire taxable income of $76,952.

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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is apt to be approximately 3200 dollars.

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