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Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is his

Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is his tax savings from this deduction?

Using 2020 Tax Numbers

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Income Tax Fundamentals 2013

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