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Government Tax Deed Sales: Difference between revisions

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The 'payroll' tax applies at a constant percentage of your working income - no brackets. With regard to employee, pay out 6.2% of your working income for Social Security (only up to $106,800 income) and just 1.45% of it for Medicare (no limit). Together they take one 7.65% of your income. There's no tax threshold (or tax free) degree of income for this system.

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