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Latest revision as of 03:38, 22 September 2024

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But, individuals are shocking knowledge. You pay less tax on a dollars of earnings and other tax on your private last dollars. Let us assume you are single and your taxable income goes over all to $45,000 during in 2010. Then you pay federal tax at the rate of 10 percent on first $8,350 of taxable income. Another 15% imposed on income between $8,350 and $33,950. 25% is charged on income from $33,950 to $45,000.

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