Government Tax Deed Sales: Difference between revisions

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Ask ten people if you can discharge tax debts in bankruptcy and you get ten different answers. The correct answer is always you can, but in the event that certain tests are met.

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The 'payroll' tax applies at a hard percentage of one's working income - no brackets. The employee, fresh 6.2% of your working income for Social Security (only up to $106,800 income) and 4.45% of it for Medicare (no limit). Together they take an additional 7.65% of one's income. There's no tax threshold (or tax free) degree of income for this system.

Copyright 2010 by RioneX IP Group LLC. All rights set-aside. This material may be freely copied and distributed subject to inclusion of these copyright notice, author information and all the hyperlinks are kept undamaged.

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