A Reputation Of Taxes - Part 1: Difference between revisions

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Revision as of 04:49, 29 August 2026


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For his 'payroll' tax as a workforce he pays 7.65% of his $80,000 which is $6,120. His employer, though, must give the same several.65% - another $6,120. So involving the employee and his employer, the fed gets 15.3% of his $80,000 which in order to $12,240. Note that an employee costs a boss his income plus 1.65% more.

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