10 Tax Tips Lessen Costs And Increase Income: Difference between revisions
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Revision as of 22:04, 22 January 2025
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But your employer also has to pay 7.65% from the income he pays you for your Social Security and Medicare. Most employees are unaware in this particular extra tax money your employer is paying you. So, between you including your employer, the us govenment takes 14.3% (= 2 times 7.65%) of the income. For anybody who is self-employed you pay the whole 15.3%.
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