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Understanding Tax

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The MYTH Of Tax Deductions

February 9, 2017
Did you know that a $70 lunch may only give a tax deduction of $6.13? How often have you heard a business owner say "It's ok, it's a business expense and I can claim it for tax"? Do they really understand that a $70 lunch or dinner may only provide a tax deduction of $6.13? ...
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