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Through the proposed DTC / GST legislations, federal government has acknowledged the demand of new revenue system but the proposed new laws apparently appear with regard to even more complicated then this current one.

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) into a 401k, making my federal income taxable earnings $64,744.

Someone making $80,000 12 months is not really making good of riches. The fed's 'take' is quantity of now. Property taxes originally started at 1% for extremely best rich. As well as the government is looking to tax you more.

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