i hate when people bring it up. everybody that works pays payroll taxes which is around 25% when you count both sides.
It’s 15.3% counting both sides, and capped. And it’s the only “tax” that is paid back, at progressive rates, because it’s a retirement annuity not an income tax.
Federal payroll taxes in the US are 15.3% (7.65% for each side).
It’s 15.3% counting both sides, and capped. And it’s the only “tax” that is paid back, at progressive rates, because it’s a retirement annuity not an income tax.