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Revisión del 16:11 15 oct 2024
Through the proposed DTC / GST legislations, federal government has acknowledged the demand for new revenue system nevertheless the proposed new laws apparently appear pertaining to being even complex then existing one.
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Remember, a personal exemption of $3650 is not 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 can lay aside on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For appreciate spouse, which is multiplied by two that means you save $1825.
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