Deduction for Exemptions Worksheet and 2007 Tax Rate Schedules

Summary: First is an example of the worksheet used to calculate the taxpayer deduction for exemptions to be entered on Schedule D (Form 1040C), line 4 or line 12. Following the worksheet are the 2007 Tax Rate Schedules (Groups I and II). The line items to be completed for the worksheet and all text presented in the schedules are:

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