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Retirement tax questions
It depends. There are several variables being used to calculate the 'effective tax rate'. Income, deductions, credits, investments and more. The article below will explain additional details about this tax rate. The IRS tax system is a graduated system which means it starts at zero and climbs based on your taxable income amount.
Example: If there are capital gains on a tax return, then they can be taxed at a completely different rate than your other income.
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March 31, 2025
11:01 AM