Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 11:06, 10 September 2026
A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. Among the list of local state florida sales tax auditors called to schedule some time to pore through our books. Contributing an insurance deductible $1,000 will lower the taxable income on the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!
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