Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 20:45, 11 August 2026
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The 'payroll' tax applies at a limited transfer pricing percentage of your working income - no brackets. The employee, pay out 6.2% of the working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take an additional 7.65% of the income. There is no tax threshold (or tax free) degree of income to do this system.
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