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The IRS has set many tax deductions and benefits secure for people. Unfortunately, some taxpayers who are earning a high level of income can see these benefits phased out as their income increases.

3 A 3. All individuals to pay for tax @ 15.00 % of revenue over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and income.

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