I have no idea about tha US tax code. An explanation would be welcome.
The US tax code is enormous and changes often enough that there is no human alive that has read the entire thing.
It's relatively easy to calculate the maximum someone with only ordinary income needs to pay.
However to pay less you need to understand all of the potential tax deductions, of which there are vastly more than most people realize.
alt Hacker News
The US tax code is enormous and changes often enough that there is no human alive that has read the entire thing.
It's relatively easy to calculate the maximum someone with only ordinary income needs to pay.
However to pay less you need to understand all of the potential tax deductions, of which there are vastly more than most people realize.