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Revision as of 12:54, 11 September 2026

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Money paid to donors could fall under compensatory damages that one receives for physical damage or illness and therefore be non-taxable income. We hear a lot about income taxes, a lot of people don't know just exactly how much income-related taxes they're getting to pay. We're taxed by both our federal government and our state. Considering that the federal government takes the lion's share, I'll concentrate on its taxation.

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