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Revision as of 13:25, 3 September 2025
After all the festivities, laughter, and gift giving in the holidays, giggles and grins quickly meld into groans and glowers as Income tax Preparation Season rears its ugly take care of. From January 15th until April 15th, Americans fuss and fume about our increasing income taxes. Nevertheless, in an odd sort of way, some must in the gloom since they'll file for an extension, prolonging the agony of the inevitable.
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My finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax in 2010 $10,170. My increase for the 10-year plan would check out $18,357. For that class warfare that the politicians prefer to use, I compare my finances to the median research. The median earner pays taxes of 9.9% of their wages for the married example and 6.3% for the single example. I pay 11.7% for my married income, can be 5.8% about the median example. For the 10 year plan those number would change to five.2% for the married example, 11.4% for the single example, and 13.6% for me.
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