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Latest revision as of 04:51, 30 August 2026


A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of several local state florida sales tax auditors called plan some time to pore through our books.

Contributing a deductible $1,000 will lower the taxable income in the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 each and every year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount!

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