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Revision as of 15:27, 20 September 2024
Note: The author is actually a CPA or tax professional. This article is for general information purposes, and should not be construed as tax advice. Readers are strongly motivated to consult their tax professional regarding their personal tax situation.
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10% (8.55% for healthcare and 5.45% Medicare to General Revenue) for my employer and me is $15,612.80 ($7,806.40 each), and also less than both currently pay now ($1,131.93 $7,887.10 = $9,019.03 my share and $1,131.93 $8,994 = $10,125.93 my employer's share). For my wife's employer and her is $6,204.41 ($785.71 my wife's share and $785.71 $4,632.99 = $5,418.70 her employer's share). Lowering the amount right down to a numerous.5% (2.05% healthcare 1.45% Medicare) contribution for everybody for an utter of 7% for low income workers should make it affordable each workers and employers.
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