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Revision as of 23:54, 20 May 2026

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The 'payroll' tax applies at a limited percentage of one's working income - no brackets. With regard to employee, pay out 6.2% of one's working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take one more 7.65% of one's income. There's no tax threshold (or tax free) regarding income in this system.

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