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memek But your employer also has to pay 7.65% from the income he pays you for your Social Security and Medicare. Most employees are unaware with this extra tax money your employer is paying that. So, between you together with employer, federal government takes 17.3% (= 2 times 7.65%) of the income. For anyone who is self-employed you spend the whole 15.3%. If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand bokep to $23,500.

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Don't let ignorance make devote more than you end up being paying.