Quote:
Originally Posted by SFCM3
i can beat you all, i make poverty level income in san francisco, claim 0 for taxes, and still owe $3k additional to FED this year. my effective tax rate with FED and state combined is 29%....wtf is happening??
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My effective rate is around 29%, but I'm nowhere near the poverty level. That's pretty insane. I live in a state with no state income tax.