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FrankieHellis t1_je859z2 wrote

Reply to comment by Indian_Pale_Male in My husband and I owe 22k in taxes but we only made a combine total of 75k by one-eye-owl

There is an important question above. OP states they spent savings that was going to be used to open a business. Where was this money? Was it in a retirement account and therefore subject to taxes?

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