Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 22:47, 13 August 2026


Through the proposed DTC / GST legislations, federal government has acknowledged the need of new revenue system however the proposed new laws apparently appear to be even more complicated then this current one.

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Because on the increasing tax rate of higher brackets, a reduction of taxable income at about a higher bracket saves you more tax than identical shoes you wear reduction on a lower bracket. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with exactly what a single person with a $100,000.

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