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The old adage is crime doesn't pay, only one certainly can wonder sometimes about the precision of it given quantity of of politicians that look as if be counterfeiters! Regardless, the fact are usually making money from against the law doesn't mean you you do not have to pay taxes. That's right. The IRS wants its unfair share of the ill gotten gains!

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But your employer gives to pay 7.65% of the income he pays you for your Social Security and Treatment. Most employees are unaware of extra tax money your employer is paying an individual. So, between you and suddenly your employer, the us govenment takes 17.3% (= 2 times 7.65%) of the income. In case you are self-employed obtain a the whole 15.3%.

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And beneficial really the the reasoning behind this tax, may be a fair tax. The trucking industry may out very vell provide the backbone within the American economy, but they do take an important toll through the roads, and when it weren't for taxes like this there will likely be no money to keep our roads maintained, safe, and regarding congestion.