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Revision as of 02:25, 19 October 2026


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In the earlier described example, the individual is being taxed with a marginal tax rate of 25% with taxable income of $45,000. Might mean the child is paying 25% federal tax on her last dollars of income (more than $33,950). Go in the accountant and have a copy of the actual tax codes and learn them. Tax laws can change at any time, and the state doesn't send you a courtesy card outlining effect for organization.

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