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Originally Posted by perfectnobody so basically, they take the amount of tax you pay on a "Z" (i think it's about $3,000 for base plus sports... not 100%) and deduct

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11-24-2009, 06:36 AM

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370Zsteve

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Quote:

Originally Posted by perfectnobody

so basically, they take the amount of tax you pay on a "Z" (i think it's about $3,000 for base plus sports... not 100%) and deduct that from your gross income for the year and you are only taxed on the remaining...

so you are not actually getting$3,000 back, just getting taxed less.

still better than i was expecting in the first place, so it's still great!

Don't forget that you may wind up in a lower tax bracket after the deduction.

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