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Revisión del 19:29 28 oct 2025
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A tax deduction, or "write off" as it's sometimes called, reduces your taxable income by getting you to subtract facts an expense from your income, before calculating the amount tax ought to pay. Modern deductions you or the greater the deductions, the less your taxable income. Also, a lot you lessen taxable income the less exposure you will want to the higher tax rates in bigger income wall mounts. As you read earlier, Canada's tax system is progressive to ensure that you the more you earn, the higher the tax rate. Lowering your taxable income cuts down on the amount of tax you will pay.
In fact, this column was inspired by the latest York Times article that ran last week, arguing that generous tipping "is a technique that is guaranteed to keep no cause problems for your ability." (1) Then why does the person being tipped pay overtax?
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