Tax Rates Reflect Way Of Life: Difference between revisions

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Revision as of 11:42, 13 May 2026

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Mandatory Outlays have increased by 2620% from 1971 to 2010, or from 72.9 billion to 1,909.6 billion each year. I will break it down in 10-year chunks. From 1971 to 1980, it increased 414%, from 1981 to 1990, it increased 188%, from 1991 to 2000, we got an increase of 160%, and from 2001 to 2010 it increased 190%. Dollar figures for those periods are 72.9 billion to 262.1 billion for '71 to '80, 301.5 billion to 568.1 billion for '81 to '90, 596.5 billion to 951.5 billion for '91 to 2000, and 1,007.6 billion to 1,909.6 billion for 2001 to 2010.

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6) If you do buy a house, you have to keep it at least two years to are eligible for what is called as residential energy sale exemption. It's one of the best tax breaks available. It allows you to exclude approximately $250,000 of profit by the sale of the home within your income.

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