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Revision as of 06:28, 15 May 2026


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What older people as your 'income' tax has a collection tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are used to your taxable income which is income in excess of your 'tax free' funds.

For my wife, she was paid $54,187, which she is not taxed on for Social Security or Healthcare. This lady has to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.

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