Re: Never paid taxes before... how much should I expect to pay?
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What's a "single personal exemption"?
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Basically, you get one exemption for each of yourself, your spouse, and your dependents (usually your children). So an unmarried person with no children gets one exemption. For each exemption, a certain amount of your income is not taxed at all. This amount changes every year...I believe for 2007 it is $3400. The exemptions can be generally be taken regardless of any other deductions taken, although I think it gets phased out at very high income levels.
So if you made $60K, you are only taxed on $56.6K after the exemption.
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