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This provides us a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us a total taxable income of $76,952.

Someone making $80,000 yearly is not really making substantially of riches. The fed's 'take' is a lot now. Duty originally started at 1% for the very rich. As well as the government is looking to tax you more.

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