Tax Rates Reflect Total Well Being: Difference between revisions

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The 'payroll' tax applies at a set percentage of the working income - no brackets. As an employee, obtain a 6.2% of the working income for Social Security (only up to $106,800 income) and specific.45% of it for Medicare (no limit). Together they take one more transfer pricing 7.65% of your income. There's no tax threshold (or tax free) associated with income in this system.

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