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Revision as of 08:07, 22 August 2026


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The 'payroll' tax applies at a constant percentage of the working income - no brackets. Being an employee, you pay 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 one 7.65% of the income. There is no tax threshold (or tax free) level of income for this system.

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