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Revision as of 15:03, 5 August 2026

How many of us count our duty? The truth is, hardly if any. In the eyes of the government, not all income sources are treated equally. For example, when you are working for your boss as an employee and you duly pay your taxes at the end of the christmas. This has been going on for several years. The amount of taxes paid is noticeable to work as the same each year (give and take). Therefore, it will be as though very earned income is going to be taxed equally when.

For his 'payroll' tax as an employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay the same 7.65% - another $6,120. So one of the employee and the employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Note that an employee costs a boss his income plus nine.65% more.

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Defer or postpone paying taxes. Use strategies and investment vehicles to put off paying tax now. Don't pay today ideal for pay later today. Give yourself the time use of your money. Granted you can put off paying a tax if they're you have the use of your money to ones purposes.

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Defenders of your IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid as it. Compensation for services is taxable. End of post.

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