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And if you stumbled upon this blog post, you're probably curious to know what exactly you're paying for. Not everyone pays the same amount, though; Uses a progressive tax system, which. Federal income tax rates and withholding often seem opaque to both employees and employers. As the old adage goes, taxes are a fact of life.
This is the amount you pay to the state government based on the income you make, as opposed to federal income tax that goes to the federal government.
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And the more we know about them as adults the easier our finances become.
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