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Latest revision as of 22:26, 28 July 2025


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The 'payroll' tax applies at a constant percentage of your working income - no brackets. A great employee, pay out 6.2% of one's working income for Social Security (only up to $106,800 income) and 12 transfer pricing .45% of it for Medicare (no limit). Together they take an additional 7.65% of one's income. There's no tax threshold (or tax free) degree of income for this system.

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