Government Tax Deed Sales: Difference between revisions

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Revision as of 14:34, 25 July 2026

Through the proposed DTC / GST legislations, brand new has acknowledged the need for new revenue system but the proposed new laws apparently appear to be even more complicated then this current one.

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Remember, a personal 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 forces you to under the marginal tax rate of 25%. The actual money you will save on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For every one in a spouse, that can be multiplied by two anyone save $1825.

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