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Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means that you
Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means that you don't pay taxes on your taxes. If your income is $35,000, then your federal taxes are and your state taxes are
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
