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Version du 29 juillet 2026 à 03:45

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For his 'payroll' tax as the employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must cash same 7.65% - another $6,120. So between the employee and his awesome employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Note that an employee costs an employer his income plus basic steps.65% more.

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During the cost Depression and World War II, really income tax rate rose again, reaching 91% throughout the war; this top rate remained as a result until '64.

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