How Does Tax Relief Work: Difference between revisions

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Latest revision as of 12:35, 28 July 2025


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10% (8.55% for healthcare and 8.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), which is 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 right down to a a number of.5% (2.05% healthcare certain.45% Medicare) contribution each for a total of 7% for low income workers should make it affordable for both workers and employers.

If you believe taxes are high now, wait till 2011. Between the federal, state and local governments, you'll be paying alot more than you now are. Plan in order for it ahead of and you should be able to limit lots of damage.

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