The Retirement Deduction
Deductions are the Government giving back your money
Deductions are a method to lower your tax burden. Or in the other words, it is the false pretense that the Government is giving you back your money. Even in the case of making a retirement contribution to a) lower your tax burden, and b) incentivize you to save, these intentions are unnecessary for a tax system in 2021.
Deductions
So how does the retirem…
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