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Republican Rewrite of US Taxcode
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<blockquote data-quote="Babagounj" data-source="post: 3236239" data-attributes="member: 12952"><p>Currently , you and your employer each pay a 6.2% SS tax on up to $127,200 of your earnings and a 1.46% Medicare tax. If you are self employed you would pay a 12.4% SS tax and a 2.9% Medicare tax.</p><p>But if you have earned more than $200,000 ( $250,000 for married couples ), you must pay 0.9% more in Medicare taxes.</p><p></p><p>This is only for Federal requirements , your local state may have their own taxes .</p></blockquote><p></p>
[QUOTE="Babagounj, post: 3236239, member: 12952"] Currently , you and your employer each pay a 6.2% SS tax on up to $127,200 of your earnings and a 1.46% Medicare tax. If you are self employed you would pay a 12.4% SS tax and a 2.9% Medicare tax. But if you have earned more than $200,000 ( $250,000 for married couples ), you must pay 0.9% more in Medicare taxes. This is only for Federal requirements , your local state may have their own taxes . [/QUOTE]
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