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Old 21st Apr 2002, 02:05
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Roadtrip
 
Join Date: May 2000
Location: New York
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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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