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Revision as of 14:55, 13 June 2026


Through the proposed DTC / GST legislations, the government has acknowledged the necessity of new revenue system however the proposed new laws apparently appear being even more complicated then today's one.

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Because for this increasing tax rate of higher brackets, a reduction of taxable income having a higher bracket saves you more tax than exact reduction for any lower group. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with that of a single person with a $100,000.

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