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Version vom 30. Juni 2026, 15:52 Uhr

The IRS has set many tax deductions and benefits in place for citizens. Unfortunately, some taxpayers who bring home a higher level of income can see these benefits phased out as their income climbs.

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The Tax Reform Act of 1986 reduced the top rate to 28%, in the same time raising the underside rate from 11% to 15% (in fact 15% and 28% became simply two tax brackets).

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