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Government Tax Deed Sales

2024.09.18 17:55

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Note: The article author is just not a CPA or tax professional. This article is for general information purposes, and should not be construed as tax aid. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.

We hear a lot about income taxes, but a majority people don't know just how much income-related taxes they're spending money. We're taxed by both our federal government and our state. Since the transfer pricing federal government takes the lion's share, I'll look closely at its taxation.

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What is the rate? In the rate or rates enacted by Central Act for every Assessment School year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

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