Details Of 2010 Federal Income Taxes: Difference between revisions
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Latest revision as of 09:38, 21 September 2024
One more week until Tax Entire day. Have you filed yours yet? I haven't (probably should onboard that, actually), and when I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I ought to even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what is the point if half the damn country isn't going to up and leave scot-free?
10% (8.55% for healthcare and 6.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), can be 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). Reducing the amount in order to a 3.5% (2.05% healthcare 1.45% Medicare) contribution every for earnings of 7% for lower income workers should make it affordable for workers and employers.
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In summary, you make money in enterprise and hold it in passive wealth creation assets using good leverage, velocity of income and compound interest.
Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all of the hyperlinks are kept complete.