Difference between revisions of "Dealing With Tax Problems: Easy As Pie"

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Revision as of 18:31, 22 September 2024

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The more you earn, the higher is the tax rate on what you earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned in order to bracket of taxable income.

10% (8.55% for healthcare and just 1.45% 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 in order to a 3.5% (2.05% healthcare 7.45% Medicare) contribution for every for an entire of 7% for low income workers should make it affordable each workers and employers.

Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion of these copyright notice, author information and all the hyperlinks are kept intact.

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