Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 20:46, 20 September 2024
Right from the get-go -- this is my area. I know the legalities and practicalities of the offshore world better than all but, maybe, 500 experts across the world. If never know a person of these people (and do not require is through the internet working sell you something) then please for you to me with both ears.
The 'payroll' tax applies at a hard percentage of one's working income - no brackets. A good employee, instead of 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 more 7.65% of one's income. There is no tax threshold (or tax free) regarding income in this system.
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