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Revision as of 14:45, 12 May 2026


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But your employer also has to pay 7.65% with the income he pays you for your Social Security and Treatment. Most employees are unaware of such extra tax money your employer is paying for you personally personally. So, between you and suddenly your employer, the govt . takes 14.3% (= 2 times 7.65%) of your income. For anyone who is self-employed you pay the whole 15.3%.

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Congress finally acted on New Year's Day, passing the "fiscal cliff" rule. This law extended the existing tax rate structure for single taxpayers with taxable income of below USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For which higher incomes, the top tax rate was increased to 22.6% These limits are determined before the foreign earned income different.

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