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Reply to "Just saw our federal tax bill and nearly fainted"
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[quote=Anonymous]"fed income tax - 25% MD income tax - 10% self-employment tax - 15% coming soon - $$$ Obamacare tax penalty (if you cant afford health insurance) Total Tax - 50% + Obamacare tax penalty" Might I suggest that you Google flat tax vs. progressive tax so you may understand how our tax system works? [/quote]
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