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The amount of tax you should pay on an annual income of $600,000 depends on various factors, including your filing status, deductions, and the tax rates in your country or state. In the U.S., for example, income is taxed progressively, so portions of your income are taxed at different rates. After accounting for deductions and applicable tax brackets, your effective tax rate could range significantly, but you might expect to pay a substantial amount, potentially around 30-40% of your income in federal taxes alone, depending on your situation. It's advisable to consult a tax professional for a precise calculation.

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1w ago

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