Difference between revisions of "Tax Rates Reflect Well Being"
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Latest revision as of 15:17, 22 October 2024
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The more you earn, the higher is the tax rate on using earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned a few bracket of taxable income.
For his 'payroll' tax as the employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must give the same 7.65% - another $6,120. So among the employee and also the employer, the fed gets 15.3% of his $80,000 which to be able to $12,240. Note that an employee costs a business his income plus 7.65% more.
Also high on the list in 2006 is "phishing," a favorite ploy of identity criminals. Over the past few years, the irs has observed criminals dealing with the Internet, posing even while representatives of your transfer pricing IRS itself, with you want to reduce of tricking unsuspecting taxpayers into revealing private information that is treated to steal from their financial data.
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