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Reply to "What was your effective tax rate???"
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[quote=Anonymous][quote=Anonymous]Wow it's crazy how much higher the rate gets as you make more. [/quote] People don't understand…they think you pay more because you make more. You pay more because you make more AND you pay a much higher rate AND a lot of the deductions phase out and/or you get hit with the AMT. Not to mention the marriage penalty. I'm willing to pay my taxes, but it does annoy me that the effective marginal rates climb so steeply. [/quote]
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