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Capital Gains Tax: Profits from Investments
November 17, 2023
Know Your Taxes
Capital gains tax applies to the profits earned from the sale of assets such as stocks, real estate, or other investments. The tax rate on capital gains depends on the...
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Payroll Tax: Funding Social Security and Medicare
November 16, 2023
Know Your Taxes
In the intricate world of business finance, one crucial aspect that demands attention is payroll tax. Payroll tax is a mandatory contribution that employers and employees in the United States...
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Income Tax: The Bedrock of Taxation
November 10, 2023
Know Your Taxes
Income tax is the most familiar type of tax for many Americans. It is a progressive tax, meaning that higher-income individuals pay a higher percentage of their income in taxes....
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Demystifying Self-Employment Tax: A Comprehensive Guide
November 8, 2023
Know Your Taxes
Understanding Self-Employment Tax
Self-employment tax is a crucial aspect of working for yourself. It's the self-employed individual's equivalent to the Social Security and Medicare taxes withheld from...
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