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Version vom 31. August 2026, 02:21 Uhr

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The 'payroll' tax applies at a hard and fast percentage of one's working income - no brackets. Regarding employee, obtain a 6.2% of the working income for Social Security (only up to $106,800 income) and sole.45% of it for Medicare (no limit). Together they take additional 7.65% of your income. There's no tax threshold (or tax free) involving income in this system.

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