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In order to pay an effective federal tax rate of 33% you'd need to be making like seven figures and do nothing to reduce your taxable income.
by UncleMeat 6mo ago
In order to pay an effective federal tax rate of 33% you'd need to be making like seven figures and do nothing to reduce your taxable income.
- pclowes 6mo agoThat’s not the point the point is to illustrate that right now for every tax payer 20% of every dollar collected is spent on interest. Not even on the principal just on the interest expense.