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Reply to "Just saw our federal tax bill and nearly fainted"
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[quote=Anonymous][quote=Anonymous]Our effective tax rate last year (state plus federal) was 29%. Husband is self-employed, I am salaried and we made less than 250K. I would love to know how people make more than us but are paying a lower effective rate. Anyone care to share?[/quote]we are in the same boat. i am clearly missing something. we do pre-tax FSA for health and dependent care as well as max out our pre tax 401k donations. [/quote]
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