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Latest revision as of 10:48, 15 August 2026

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The 'payroll' tax applies at a fixed percentage of the working income - no brackets. The employee, get yourself a 6.2% of the working income for Social Security (only up to $106,800 income) and specific.45% of it for Medicare (no limit). Together they take one 7.65% of one's income. There's no transfer pricing tax threshold (or tax free) involving income for this system.

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