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Revision as of 22:41, 31 January 2025

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Make sure you understand the exemptions applied to the bond university. For example, municipal bonds are generally exempt from federal taxes, and become exempt from state and native taxes any time you actually are a resident of the state.

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

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