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22 September, 21:42

A federal income tax exists to provide revenue for

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  1. 22 September, 22:05
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    The federal income tax deduction for mortgage interest on an owner-occupied home is an example of a tax expenditure.

    Beginning in 1985, federal income taxes were indexed to the cost of living, so that government no longer got a larger percentage when inflation pushed incomes into higher brackets while tax rates stayed the same.
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