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Note: The article author lanciao is just not a CPA or tax qualified. This article is for general information purposes, and should not be construed as tax points. Readers are strongly motivated to consult their tax professional regarding their personal tax situation. What it is actually accepted as your 'income' tax has assortment of tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are carried out on your taxable income which is income more than your 'tax free' funds.

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