Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 09:49, 2 October 2024

Invincible? Alphonse Gabriel Capone, notoriously since "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, which included but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did not have enough evidence to charge him with any of the above incidents. However, it is no wonder that that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.

What is familiar with as your 'income' tax has assortment of tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are used for your taxable income which is income a lot more than your 'tax free' benefit.

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