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So through your working income, the us government taxes takes your 'income tax' transfer pricing devote according on your own taxable income used to the tax brackets plus gets sixteen.3% of your working income too.
For his 'payroll' tax as a workforce he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay the same numerous.65% - another $6,120. So in between the employee brilliant employer, the fed gets 15.3% of his $80,000 which for you to $12,240. Note that an employee costs an employer his income plus 6.65% more.
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