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Unread 10-13-2011, 02:58 PM   #78 (permalink)
Saint DH
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State taxes vary greatly from state to state. Some states have none at all. Some states, like Indiana, use a flat rate (Indiana is 3.4%). Some use graduated rates similar to the federal government up to a point. Once that point is reached, income is no longer taxed at the state level. Also, you get a deduction from your federal income taxes on all state and local taxes paid.
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