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Author: Joe Chappius

marginal tax rate

Marginal Tax Rate

Introduction to Marginal Tax Rate Understanding the concept of the marginal tax rate is crucial for anyone earning an income. The marginal tax rate is the tax rate applied to the last dollar of your income. This rate is part of a progressive tax system,

tax liability

Tax Liability

Introduction to Tax Liability Tax liability is the total amount of tax debt owed to a government by an individual, corporation, or other entity. It is the amount of money that you owe to the IRS or another taxing authority when you finish preparing your

tax exemptions

Tax Exemptions

Introduction to Tax Exemptions Tax exemptions are a crucial part of the tax system that can significantly impact an individual’s or organization’s financial situation. They come in various forms and serve different purposes, but they all share a common goal: to reduce or eliminate the

Income Tax

What Is Income Tax? Income tax is a crucial financial obligation imposed on individuals and entities by the U.S. government. It is a tax levied on the income earned by persons or corporations within the United States. By law, taxpayers must file an income tax

Adjusted Gross Income (AGI)

Understanding Adjusted Gross Income Today, we’re diving deep into a term you’ve likely encountered but may not fully understand: Adjusted Gross Income (AGI). AGI is a cornerstone concept in the world of taxation, affecting everything from your taxable income to your eligibility for various deductions

How Low Tax Rates Reduce Unemployment

Here’s Why Low Rax Rates Reduce Unemployment Taxes are a fact of life in almost every modern day economy. Amongst other things, the collection of taxes ensures that citizens of a country have a social security net when unemployed. However, there is a line of

6 Benefits of An Offshore Company

Discover the benefits of an offshore company The concept of offshore companies often carries a cloud of misconception, being unfairly labeled as illegal or morally questionable. However, establishing an offshore company is completely lawful and an ethically viable strategy for structuring your business. It’s a

5 Countries With Low Personal Income Tax Rates

Low personal income tax countries One of the major factors that affect the disposable income of high salary individuals is their personal income tax rate. If you feel that you are paying too much tax in your home country, then you might want to consider