Paying Taxes Can Tax The Better Of Us: Difference between revisions

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Latest revision as of 02:29, 24 February 2025

The IRS Reward Program pays whistleblowers millions for reporting tax evasion. The timing of the new IRS Whistleblower Reward Program could not better because we live in an occasion when many Americans are struggling financially. Unfortunately, 10% percent of companies and everyone is adding to our misery by skipping out on paying their share of taxes.

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10% (8.55% for healthcare and one specific.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), which is less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Lowering the amount in order to a two to three.5% (2.05% healthcare step 1.45% Medicare) contribution every for a total of 7% for lower income workers should make it affordable for both workers and employers.

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Bottom Line: The IRS doesn't worry about your social status. The government only likes you one thing- getting their money. You may need dodged the irs for now, but similar to they overly enthusiastic to Wesley Snipes- they will catch up to you. Don't be afraid in settling your Tax Debts!

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