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Revision as of 20:54, 17 August 2026

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Because within the increasing tax rate of higher brackets, a reduction of taxable income in a very higher bracket saves you more tax than exactly the same reduction on a lower group. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with that of a single person with a $100,000.

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Let's change one more fact in our example: I give a $100 tip to the waitress, and the waitress happens to be my girl child. If I give her the $100 bill at home, it's clearly a nontaxable item idea. Yet if I give her the $100 at her place of employment, the irs says she owes transfer pricing income tax on the device. Why does the venue make a difference?

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