I was thinking about Federal Income Tax only. I realize there are many more taxes that we have to pay - state income tax, gasoline tax, sales tax, property tax, etc., but just looking at Federal Income tax - what is the total amount that the Feds kept of your money divided by the total amount of money that you earned this year - that's your effective Federal Income Tax rate.
Because of our progressive Federal Income Tax system, NO ONE pays more than 36% of their income in the form of Federal Income Tax, and most of us pay much less than that.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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