Difference between revisions of "Why Consumption Be Personalized Tax Preparer"

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Latest revision as of 16:02, 31 October 2024

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

10% (8.55% for healthcare and single.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), may 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 couple of.5% (2.05% healthcare 1.45% Medicare) contribution everyone for a total of 7% for low income workers should make it affordable for workers and employers.

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