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Revision as of 19:15, 10 May 2026


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The 'payroll' tax applies at a set percentage of your working income - no brackets. With regard to employee, obtain a 6.2% of your working income for Social Security (only up to $106,800 income) and 12.45% of it for Medicare (no limit). Together they take one more 7.65% of the income. There is no tax threshold (or tax free) associated with income to do this system.

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