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Updated about 18 years ago on . Most recent reply
Passive income
What taxes do you pay when you receive passive income?
also can someone please give some details on other types of income.
Most Popular Reply
okay, so let me get this straight, when you take a deduction it potentially lowers your tax bracket if its a big enough deduction and you end up paying less in taxes. because as you make more you pay a higher % correct? so like if i make 50k a yr but i have 30k in deductions im taxed on 20k? jus a simple example i know there are different brackets and all that.