Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Latest revision as of 04:10, 23 January 2025

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The 'payroll' tax applies at a constant transfer pricing percentage of one's working income - no brackets. Regarding employee, get yourself a 6.2% of one's working income for Social Security (only up to $106,800 income) and sole.45% of it for Medicare (no limit). Together they take one 7.65% of your income. There is no tax threshold (or tax free) associated with income to do this system.

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