If you're trying conserve money, you will have to know how much the federal government is taking from make use of earn. Quite a few people just are not aware of. Finding out will show you why it's hard to get ahead. This article shows how the fed gets 35.4% of $80,000 working income. A personal exemption reduces your taxable income so you wind up paying lower taxes. You most likely are even luckier if the exemption brings you using a lower tax bracket. For the year 2010 it is $3650 per pe...