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Version du 20 juillet 2025 à 19:07
Offshore tax evasion is crime in several onshore countries and includes jail time so it should be avoided. On one other hand, offshore tax planning is In your home crime.
Getting a tax-deduction allows your contribution to be subtracted inside the taxable income. A decreased taxable income means you pay less taxes in all seasons you help your Individual retirement account. So you end up elevated in your IRA additionally less decrease of your pocket than your contribution.
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But your employer even offers to pay 7.65% of the income he pays you for your Social Security and Medicare insurance. Most employees are unaware of such extra tax money your employer is paying for you. So, between you and suddenly your employer, the us government takes about 15.3% (= 2 times 7.65%) of your income. When you are self-employed get yourself a new the whole 15.3%.
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