The Tax Benefits Of Real Estate Investing: Difference between revisions

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But your employer seems to have to pay 7.65% in the income he pays you for your Social Security and Medicare. Most employees are unaware in this particular extra tax money your employer is paying for you personally personally. So, between you so your employer, federal government takes 16.3% (= 2 times 7.65%) of the income. If you are self-employed you pay the whole 15.3%.

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