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Political Discussion
Reply to "Taxes - where should top tax rate be set and at what %?"
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[quote=Anonymous]Our effective rate is about 30% for federal, 6% for state. Plus we pay FICA on a % (although it is pretty small because it is only on a small portion of the money). Plus the new surtax. So, all in, about 38%. Going up to 40-42% would probably be ok, but at some point, it would have the opposite effect. [/quote]
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