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Revision as of 11:13, 18 October 2026


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For employee, devote 6.2% of one's working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take additional 7.65% of your income. There is no tax threshold (or tax free) amount of income to do this system. Aside from obvious, rich people can't simply ask about tax help with debt based on incapacity to pay. IRS won't believe them at everyone. They can't also declare bankruptcy without merit, to lie about end up being mean jail for these businesses.

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