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Fed. Income Tax Rate?
18Jun2008 Filed under: TaxesQuestion:
Does anyone know the Federal Income Tax rate?
Answer:
It varies based on your income and filing status. The first part of your taxable income is taxed at a low rate, but the higher parts are taxed at higher rates. For example for a single filer the first $7300 of taxable income are taxed at a 10% rate. The amount from 7300 to 29,700 is taxed at 15%.
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