Posts Tagged ‘income tax’

Personal Tax Anecdote

So today is D-Day for the majority of Americans when it comes to filing your annual income tax return.

I read somewhere that around 50% of Americans actually end up paying NO federal income tax because of all the deductions and exemptions now available. It does make you think when so many people complain about paying income tax and that it should be lowered!

Anyway, from a personal anecdote point of view, I must add that I have paid my share of taxes, whether it be state taxes or sales taxes or even taxes on petrol. It all adds up in the end. I just want to do my bit and make certain that my contributions are used in the most efficient way to achieve the best results.