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During is the fact Depression and World War II, tips income tax rate rose again, reaching 91% the particular war; this top rate remained as a result until transfer pricing '64. But your employer in addition has to pay 7.65% from the income he pays you for your Social Security and Medicare. Most employees are unaware of extra tax money your employer is paying that. So, between you together with employer, the govt . takes 17.3% (= 2 times 7.65%) of one's income.
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