At 09:22 PM 4/12/2007, Andrew Fildes wrote:
>What is interesting to me there is that there is no tax-free
>threshold - if I earn $10 in a year in the US I'd owe the IRS a
>dollar? That's harsh. Here there's a threshold of somewhere around
>$6-7K where no tax is payable.
Same here in the US Andrew. There's something called a Personal
Exemption of $3,300 each for yourself, your spouse, and each
dependent. If you work things right you can even get something
called an Earned Income Credit where you pay no taxes at all but get
some money given to you.
Later,
Johnny
__________________________
Johnny Johnson
Cleveland, GA
mailto:jjohnso4@xxxxxxxxxx
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