WOW.com Web Search

Your employer also withholds Social Security and Medicare taxes, known as FICA payroll taxes. Generally, 6.2% of your income is taken out for Social Security taxes and 1.45% is taken out for...

Take-home pay: $148,415 Although Connecticut has a high top-end state income tax rate of 6.50% for the highest earning residents. Residents earning $200,000 still face a 6.5% or 6% rate,...

Eight states impose no state income tax, and a ninth, New Hampshire, imposes an individual income tax on dividends and interest income but not other forms of income (though it will be phased out by 2027). Forty-seven states and many localities impose a tax on the income of corporations. [1]

Employee payroll tax is made up of assigned taxes for the three branches of the social security system and includes both basic and supplementary coverage. Different percentages apply depending on thresholds that are multiples of the social security earnings ceiling (in 2012 = 36,372 euro per year). [13]

These three are the most important: The standard deduction for joint filers increases by $300 over 2020 levels to $25,100 in 2021. For individuals, it rises by $150 to $12,550. As mandated by the...