Offshore Business - Pay Low Tax: Difference between revisions

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Latest revision as of 00:35, 6 August 2026

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Because for the increasing tax rate of higher brackets, a reduction of taxable income within the higher bracket saves you more tax than exactly the reduction in a lower mount. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with exactly what a single person with a $100,000.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some among the changes passed in the 2001 EGTRRA.

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