A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. Among the local state sales tax auditors called plan some time to pore through our books. A personal exemption reduces your taxable income so you get paying lower taxes. You could be even luckier if the exemption brings you with lower tax bracket. For the year 2010 it is $3650 per person, equal of last year's amount. In 2008, the amount was $3,500. It is indexed yearly for the cost of livi...

A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. Among the local state sales tax auditors called plan some time to pore through our books. A personal exemption reduces your taxable income so you get paying lower taxes. You could be even luckier if the exemption brings you with lower tax bracket. For the year 2010 it is $3650 per person, equal of last year's amount. In 2008, the amount was $3,500. It is indexed yearly for the cost of livi...