Tax Rates Reflect Standard Of Living: Difference between revisions
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Revision as of 03:29, 4 March 2025
The HVUT, or Heavy Vehicle Use Tax, is a yearly tax paid by truck drivers or owners of trucking companies. It goes for drivers operating cars on our nation's highway, and a lot of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new projects.
If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is only going to be approximately 3200 dollars.
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