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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) to produce a 401k, making my federal income taxable earnings $64,744.

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We hear a lot about income taxes, but most people am not aware of just just how much income-related taxes they're paying. We're taxed by both our federal government and our state. Since the federal government takes the lion's share, I'll concentrate on its taxation.

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