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Revision as of 17:49, 16 August 2026
It starts on the much smaller scale, perhaps with sweets off a counter, but can quickly escalate if not challenged. Some of them men (and women) I have worked alongside as Prison Chaplain began their life of crime by pinching chocolate bars.
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Because belonging to the increasing tax rate better brackets, a reduction of taxable income with higher bracket saves you more tax than exact reduction to a lower range. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with exactly what a single person with a $100,000.
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