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Get your taxes done using TurboTax
Federal taxes increased from $9,320 to $17,282. That's an increase of $7,962.
7,962 divided by $25,000 (increase in income) equals 31.8%. That represents approx 17% marginal Federal tax rate, plus approx 15% self-employment tax. That is not a lot.
‎June 6, 2019
3:20 AM