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Subject:  Re: annual taxable income for 2004 Date:  7/27/2005  2:23 AM
Author:  TMFPMarti Number:  80114 of 132147

Still learning here.

You came to the right place. I'll add one thing that Peter didn't mention. Your "bracket" is the rate at which your next dollar of income is taxed. Part of your income is untaxed (deductions and exemptions), then some is taxed at 10%, then a band taxed at 15%, etc.

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