Tag Archives: economics

Dick and Jane are hard-working American taxpayers, a married couple filing jointly and making $100,000.00, that think they’re in the 8% tax bracket… based on their 1040 and their adjusted gross income. Income Tax rate: 8.0 But…the Social Security Tax rate is 6.2% and Employer SS contribution is 6.2%. The Medicare Tax Rate is 1.45%Continue reading “A Tax is a Tax is a Tax”