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Revision as of 14:55, 25 August 2026

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10% (8.55% for healthcare and 1.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), and also less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Lowering the amount down to a 3 or more.5% (2.05% healthcare 1.45% Medicare) contribution everyone for a complete of 7% for low income workers should make it affordable for both workers and employers.

People hate paying income tax. Tax avoidance strategies are entirely legal and can be made good use of. Tax evasion, however, is not. Make sure you know where the fine lines are.

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