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Old 21st April 2002 | 02:05
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Roadtrip
 
Joined: May 2000
Posts: 510
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From: New York
The final "real" percent of federal income tax tax paid on your income usually comes out to about 20%, plus or minus 3% or so. That's assuming normal family deductions, house loan interest, etc. Some states have income taxes also that can add thousands to your tax bill. States like Texas and Florida don't have state income tax.
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