What are the tax deductions


Response to the following at least 200 words with references:

Most people have heard that the rich get richer because they are not taxed as much as other people due to the deductions available to them. Given what you have learned about deductions, do you believe that a multimillionaire can minimize his or her taxes to effectively pay less than a person making $60,000 a year? Why or why not?

 

 

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Taxation: What are the tax deductions
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