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How much can you earn tax-free?

Asked by saservp (291points) August 25th, 2010

I tried to figure this out by looking at the tax brackets, but they seem to say that anything up to about 16k is in the 10% tax bracket.

For some reason I thought there was a number, around 5k-8k which you could earn without being taxed. Am I just making this up?

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