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Revision as of 06:59, 14 August 2026

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The 'payroll' tax applies at a hard and fast transfer pricing percentage of the working income - no brackets. Being an employee, you won't 6.2% of the working income for Social Security (only up to $106,800 income) and a person specific.45% of it for Medicare (no limit). Together they take an additional 7.65% of the income. There's no tax threshold (or tax free) associated with income in this system.

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