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Sunday, April 5, 2009

Income Tax Calculator

This program can estimates your US federal income tax and finds your tax brackets. Tax brackets show percentage of tax that you pay on additional income. The higher is your taxable income, the higher is your federal tax rate. Predict that you earn an additional amount of $1000 and you are in 28% bracket. That means your would have to pay additional $280 in federal taxes. It shows current and past tax brackets and estimates federal tax for years 2000-2006.

Income Tax Calculator

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