A History Of Taxes - Part 1: Difference between revisions

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Revision as of 01:12, 15 August 2026


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Remember, an individual exemption of $3650 isn't deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This causes you to under the marginal tax rate of 25%. The actual money it can save you on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For everyone spouse, that are multiplied by two so you save $1825.

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Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all of the hyperlinks are kept intact.

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