Don t Panic If Taxes Department Raids You: Difference between revisions
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Revision as of 17:52, 15 May 2026
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We hear a lot about income taxes, but most people don't know just the amount income-related taxes they're buying. We're taxed by both our federal government and our state. Individuals have federal government takes the lion's share, I'll give full attention to its taxation.
In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some in the changes passed in the 2001 EGTRRA.