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A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of several local state sales tax auditors called to schedule some time to pore through our books.
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The 'payroll' tax applies at a constant percentage of the working income - no brackets. With regard to employee, fresh 6.2% of your working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take much more transfer pricing 7.65% of the income. There is no tax threshold (or tax free) degree of income to do this system.
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