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Latest revision as of 18:03, 24 August 2026
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Because from the increasing tax rate of higher brackets, a reduction of taxable income within the higher bracket saves you more tax than exact reduction to a lower clump. So let's compare the tax saving of contributing $1000 by a single person with a $30,000 income with a single person with a $100,000.
anjing
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In fact, this column was inspired by a totally new York Times article that ran last week, arguing that generous tipping "is a technique that is guaranteed to have no result on your operation." (1) Then why does the person being tipped pay tax bill?
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