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Revision as of 12:13, 28 July 2025


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But, this can be the shocking fact. You pay less tax on the initial dollars of earnings even more tax in your last revenue. Let us assume you are single and your taxable income sums up to $45,000 during in 2010. Then you pay federal tax at the rate of 10 percent on the first $8,350 of taxable income. The opposite 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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