Difference between revisions of "Government Tax Deed Sales"
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Revision as of 12:35, 22 October 2024
Invincible? Alphonse Gabriel Capone, notoriously known as "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, including but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did donrrrt you have enough evidence to charge him with any of the above incidents. However, it is no surprise that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.
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Because for the increasing tax rate of upper brackets, a reduction of taxable income within the higher bracket saves you more tax than identical shoes you wear reduction at a lower bracket. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with what single person with a $100,000.
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