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Community: Investing Wiki

Term Of The Hour

methods reducing income: Original post by Craig Woodman of Demand Media While most people are interested in increasing their income, it may be prudent for a taxpayer to reduce it instead. A lower income obviously means you pay less in taxes, but it may also allow you to take advantage of other deductions and benefits that would not be available with the higher income. While an IRA itself cannot lower income, contributions…

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