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[quote=Anonymous][quote=Anonymous]THanks PP. Arent taxes much higher than 25%? I thought it was closer to 40% for this income level? [/quote] 39.6 marginal rate for fed (I would assume a 25% effective rate) Plus state (if applicable) - estimate 6-8% Plus payroll - 6.2% Plus deduct other things like retirement and insurance [/quote]
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