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Revision as of 18:42, 30 August 2026
Tax, it's not a dirty four letter word, but for many sufferers its connotations are far worse than any bane. It's been found that high tax rates generally relate to outstanding social services and high standards of just living. Developed countries, where the tax rate exceeds 40%, usually have free health care, free education, systems to nurture the elderly and a large life expectancy than individuals with lower tax rates.
If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is destined to be approximately 3300 dollars.
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