Difference between revisions of "Getting Associated With Tax Debts In Bankruptcy"

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The 'payroll' tax applies at a fixed percentage of one's working income - no brackets. A good employee, get yourself a 6.2% of the working income for Social Security (only up to $106,800 income) and just 1.45% of it for Medicare (no limit). Together they take a lot more 7.65% of one's income. There's no tax threshold (or tax free) involving income to do this system.

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