It comes down to the difference between earned and unearned income. From inside the sight in the IRS, those two types of income are very different and are entitled to different income tax procedures.

Accumulated money is exactly what you make from your work. Whether you own your own company or services part-time at cafe down the street, the cash you will be making is accumulated income. Continue reading “Exactly why the difference between the standard tax and the tax on long-term money benefits in the federal levels?”