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Revision as of 22:59, 12 May 2026
One more week until Tax Daytime. Have you filed yours yet? I haven't (probably should aboard that, actually), and when I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I will even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going to pay up and log off scot-free?
There's a difference between, "gross income," and "taxable income." Gross income is the amount you can even make. taxable income is what the government bases their taxes in. There are plenty of an individual can subtract from your gross income to offer you with a lower taxable income. For most people, certain game is to locate and use as many of those as possible, so you could minimize your tax exposure.
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Other program outlays have decreased from 64.5 billion in 2001 to 23.3 billion in 2010. Obviously, this outlay provides no chance of saving from your budget.
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