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Paying Taxes Can Tax The Better Of Us: Difference between revisions

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Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone who is in a high tax bracket to someone who is in a lower tax area. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have any other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it could even be your children. Whenever it is possible to transfer income to someone in a low..."
 
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Revision as of 02:55, 6 March 2025

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Someone making $80,000 yearly is really not making good of coin. The fed's 'take' is plenty of now. Income taxes originally started at 1% for extremely rich. And so the government is seeking to tax you more.

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