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Its worth noting that there are a fair amount of tax deductions that do not apply to those in the higher tax income ranges, either because they phase out as you
by RHSeeger 9y ago
Its worth noting that there are a fair amount of tax deductions that do not apply to those in the higher tax income ranges, either because they phase out as you make more money (deductions for children or school loans) or because they must be worth at least X% of your income (home office costs).
Its not a simple matter of "tax deductions benefit only the wealthy" as some like to pretend.