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Latest revision as of 12:38, 28 August 2026


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The 'payroll' tax applies at a fixed percentage of one's working income - no brackets. Being an employee, fresh 6.2% of one's 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 the income. There's no tax threshold (or tax free) regarding income in this system.

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

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