Paying Taxes Can Tax The Better Of Us: Difference between revisions

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A personal exemption reduces your taxable income so you wind up paying lower taxes. You might be even luckier if the exemption brings you together with a lower income tax bracket. For the year 2010 it is $3650 per person, equal to last year's amount. During 2008, each was $3,500. It is indexed yearly for air pump.

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