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Versione delle 19:06, 17 ago 2026
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(iv) All unaccounted income should be declared. If such a disclosure was developed before its detection using the Income Tax Department, likelihood of being trapped in a tax raid are lowered.
Contributing an insurance deductible $1,000 will lower the taxable income on the $30,000 each year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 per year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!
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