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What percent of taxes do a single person pay that make 35,000 a year fed, state and others? |
Why do they tax my investments and how can I save money? State and local taxes vary by area so there is no overall answer. For federal taxes part of the $35,000 would be taxed at 0%, part at 10% and part at 15% It depends on where you live, if you are filing any deductions, if you have anything coming out of your check, like health insurance. Best bet is too contact a tax office. A single person, not a dependent, with no dependents or adjustments to income, claiming a standard deduction, will owe $3564 for federal income tax, and will also pay $2677.50 for social security and medicare. |
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