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Revision as of 13:49, 4 March 2025
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Tax, it is not a dirty four letter word, however for many sufferers its connotations are far worse than any bane. It's been found that high tax rates generally relate to outstanding social services and high standards of living. Developed countries, wherein the tax rate exceeds 40%, usually have free health care, free education, systems to appreciate the elderly and a more expensive life expectancy than individuals with lower tax rates.
What it is as your 'income' tax has male tax brackets each using its own tax rate from 10% to 35% (2009). These rates are applied to your taxable income which is income a lot more than your 'tax free' livelihood.
You had to file a tax return for that particular year 2 before the bankruptcy. With regard to eligible to wipe the actual debt, cause have filed a tax return for the government or State debt you desire to discharge at least two years before filing for bankruptcy. Thus, even if the debt is over four years old, for filed the return late and these two years has not passed, you cannot block out the Government or State tax money.
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