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Revision as of 07:01, 15 September 2026
uranopublishing.com One more week until Tax 24-hour period. Have you filed yours yet? I haven't (probably should onboard that, actually), also using the I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I will even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going expend up and jump off scot-free?
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For his 'payroll' tax as a member of staff he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend same 7th.65% - another $6,120. So from the employee and also the employer, the fed gets 15.3% of his $80,000 which for you to $12,240. Keep in mind that an employee costs a business his income plus 1.65% more. If you buy a national muni bond fund your interest income will be free of federal duty (but not state income taxes).
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