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Revision as of 07:18, 16 August 2026

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The 'payroll' tax applies at quick percentage of the working income - no brackets. A good employee, pay out 6.2% of the working income for Social Security (only up to $106,800 income) and sole.45% of it for Medicare (no limit). Together they take much more 7.65% of your income. There is no tax threshold (or tax free) associated with income to do this system.

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