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Reply to "Face It: You (Probably) Got a Tax Cut"
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[quote=Anonymous]Our effective rate went WAY down this year - we were at 15% for federal, even through our income increased substantially. We made 300K+ from various sources (two working spouses). What made the difference was: child tax credit, elimination of AMT and marriage penalty at our income level, and some increased ability to contribute more to retirement. I think last year we were at 24% effective rate. Very pleased.[/quote]
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