Because its thought to move tax to the rich or something.
Apparently it's considered fair to not only have them pay more tax, but to tax them more on the same things.....under some logic of equality and charging for services used called "they can afford it"!
For the tax year 2013, the standard deduction amounts were $6,100 for single filers and married individuals filing separately, $12,200 for married couples filing jointly, and $8,950 for heads of household. These amounts are subject to adjustments for inflation and can vary based on filing status. Additionally, taxpayers who are 65 or older or blind could claim an additional deduction.
An imp payroll deduction is a type of automatic deduction from an employee's paycheck, typically used to cover specific expenses such as taxes, insurance premiums, retirement contributions, or other benefit plans. These deductions are pre-determined and reduce the employee's take-home pay. Employers are responsible for calculating and withholding these amounts in compliance with relevant laws and regulations.
what is the standard deduction
In a financial or accounting context, "AR" in the Deduction column typically stands for "Accounts Receivable." It represents amounts owed to a company by its customers for goods or services delivered but not yet paid for. The Deduction column indicates reductions in this receivable balance, such as payments received or adjustments made. Understanding this helps businesses track cash flow and manage outstanding debts effectively.
125fam deduction
For the tax year 2013, the standard deduction amounts were $6,100 for single filers and married individuals filing separately, $12,200 for married couples filing jointly, and $8,950 for heads of household. These amounts are subject to adjustments for inflation and can vary based on filing status. Additionally, taxpayers who are 65 or older or blind could claim an additional deduction.
An imp payroll deduction is a type of automatic deduction from an employee's paycheck, typically used to cover specific expenses such as taxes, insurance premiums, retirement contributions, or other benefit plans. These deductions are pre-determined and reduce the employee's take-home pay. Employers are responsible for calculating and withholding these amounts in compliance with relevant laws and regulations.
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what is the standard deduction
What is a stimulus deduction?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
In a financial or accounting context, "AR" in the Deduction column typically stands for "Accounts Receivable." It represents amounts owed to a company by its customers for goods or services delivered but not yet paid for. The Deduction column indicates reductions in this receivable balance, such as payments received or adjustments made. Understanding this helps businesses track cash flow and manage outstanding debts effectively.
125fam deduction
The difference between deduction for AGI and deduction from AGI is that deduction for AGI reduces your total income before calculating your adjusted gross income, while deduction from AGI reduces your adjusted gross income after it has been calculated.
reduction rhymes with deduction
Deduction for 5750
what is the standard deduction for single