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Dernière version du 1 avril 2025 à 23:09
Tax, it isn't a dirty four letter word, but for many of us its connotations are far worse than any bane. It's been found that high tax rates generally relate to outstanding social services and high standards of just living. Developed countries, whereas the tax rate exceeds 40%, usually have free health care, free education, systems to nurture the elderly and a more expensive life expectancy than having lower tax rates.
Obtaining a tax-deduction allows your contribution to be subtracted while using the taxable income. A cheaper taxable income means you pay less taxes in the year you assist your Ira. So you end up extra in your IRA therefore less reduction in your pocket than your contribution.
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