Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 14:20, 16 August 2026
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For his 'payroll' tax as transfer pricing an employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must cash same many.65% - another $6,120. So from the employee and his awesome employer, the fed gets 15.3% of his $80,000 which to be able to $12,240. Note that an employee costs an employer his income plus 4.65% more.
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