The United States is a free society with an organized government. The goal of the government is to protect individual freedoms and promote the well-being of the citizens fo the United States.
Since nothing is life is free, the government needs income, which is raises through taxes, in order to pay for government services.
The firm of Gina L. Gwozdz, CPA was established to provide
efficient, expert tax and payroll solutions to businesses and individuals.
I offer the benefit of years of experience gained from previous positions.
Gina L. Gwozdz, CPA is an equal opportunity employer and is a member in
good standing of multiple professional organizations.
A basic principle underlying the income tax laws of the United States is that people should be taxed according to their "ability to pay." Taxpayers with the same total income may not have the same ability to pay. Those with high medical bills, mortgage interest payments, or other allowable expenses can subtract these amounts as "itemized deductions" to reduce their taxable incomes. Similarly, taxpayers may subtract a certain amount on their tax returns for each allowable "exemption." By lowering one's taxable income, these exemptions and deductions support the basic principle of taxing according to ability to pay.
Those with high taxable incomes pay a larger percentage of their income in taxes. This percentage is the "tax rate." Since those with higher taxable incomes pay a higher percentage, the Federal income tax is a "progressive" tax.
I study these tax law changes year round so you don't have to. My goal is for you to obtain peace of mind by paying the lowest taxes allowed by law.
