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The $175k income in 1955 was turned into a taxable income of $153,000; today’s $175k income is turned into a taxable income of $146,200. There are also a number of deductions aimed at the middle class; mortgage interest deduction, child care credit, American Opportunity Tax Credit (college), 401k tax deduction, to name the largest.
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In a letter to all MP’s obtained by The Courier Mail Premier Campbell Newman has revealed how this Government’s 30-year vision for the state would become a study topic for [.]
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