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Revision as of 20:42, 15 May 2026
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For his 'payroll' tax as a staff member he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay the same 2011 energy tax credits.65% - another $6,120. So within employee with his employer, the fed gets 15.3% of his $80,000 which in order to $12,240. Note that an employee costs an employer his income plus 7.65% more.
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