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Revision as of 23:15, 22 January 2025

When one looks at total revenues for the United States, the biggest revenue is designed Personal Tax. If you want to resolve a fiscal crisis taken into consideration the one the United states currently finds itself in, you to help look in the biggest sources to make adjustments. Corporate Income taxes are so small as to be found irrelevant for this discussion. Ought to be fact I'd encourage that Corporate Income taxes be abolished in the United States, if just if the proposal for funding healthcare in this article is implemented. Otherwise, I are convinced that a Corporate Income Tax of 10.55% that cannot be reduced in that is should be implemented.

10% (8.55% for healthcare and 3.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), can be less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Decreasing the amount down to a 3.5% (2.05% healthcare 1.45% Medicare) contribution per for a total of 7% for low income workers should make it affordable each workers and employers.

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