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$UPERMAN

03/30/17 8:51 PM

#77185 RE: Farmer7 #77184

You pay taxes on Income. Profits are Income.



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strykerdude

03/30/17 9:07 PM

#77190 RE: Farmer7 #77184

You are correct... I'm in Colorado so I add 4.63% to my federal tax rate but the federal is just normal income tax based on my income. Based on what you said you income is high so I'm jealous :)