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Revision as of 07:57, 23 January 2025

Note: Mcdougal is not a CPA or tax professional. This article is for general information purposes, and really should not be construed as tax professional guidance. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.

10% (8.55% for healthcare and a particular.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), which usually 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). Reducing the amount in order to a or even.5% (2.05% healthcare 1.45% Medicare) contribution for each for an entire of 7% for lower income workers should make it affordable for both workers and employers.

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