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Revision as of 20:38, 1 September 2026
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Invincible? Alphonse Gabriel Capone, notoriously known as "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, which included but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did not have enough evidence to charge him with any of the above incidents. However, it is no surprise that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.
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If you and your spouse each put five thousand dollars for the 401k account, that would cut back your annual taxable income by ten thousand dollars. This means that your adjusted gross income is $66 1000s of. That will yield a substantial tax cost savings. Another significant tax break comes when purchase a house -- and itemize tons of deductions.
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