A Very Good Taxes - Part 1: Difference between revisions

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Latest revision as of 13:59, 15 August 2025


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But your employer seems to have to pay 7.65% of the income he pays you for your Social Security and Medicare. Most employees are unaware of the extra tax money your employer is paying you. So, between you in addition employer, the us govenment takes 14.3% (= 2 times 7.65%) of your income. If you are self-employed you spend the whole 15.3%.

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