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Version vom 13. Mai 2026, 03:45 Uhr
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The 'payroll' tax applies at a set percentage of one's working income - no brackets. Being an employee, pay out 6.2% of the working income for Social Security (only up to $106,800 income) and 12.45% of it for Medicare (no limit). Together they take additional 7.65% of your income. There's no tax threshold (or tax free) amount of income to do this system.
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