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Reply to "2013 Itemized deductions and HHI, why is my effective so high, what are we doing wrong?"
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[quote=Anonymous]I am at 11% on 150K. I am pretty sure I have as much if not more education than those of you making 500K. I work hard, often 60-80 hrs/week, but because I am a gov't contractor, I only get paid for 40. The people with the really high effective rates are probably including the self-employment tax, which, for me, is the employer contributions to social security.[/quote]
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