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Revision as of 18:40, 30 October 2024
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The 'payroll' tax applies at a small percentage of your working income - no brackets. The employee, get yourself a 6.2% of the working income for Social Security (only up to $106,800 income) and 4.45% of it for Medicare (no limit). Together they take additional 7.65% of the income. There is no tax threshold (or tax free) degree of income to do this system.
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Defenders of this IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid regarding it. Compensation for services is taxable. End of adventure.
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