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Reply to "What was your effective tax rate???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$220k income Effective tax rate per turbotax: 16.07% [/quote] You must have a pretty steep mortgage. I'm guessing itemized deductions of around $65,000 maybe?[/quote] Mortgage is actually pretty reasonable ($350K). But your guesstimate is pretty spot on - itemized deductions & exemptions of of $50,000.. [/quote]
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