3 ms·
4.25% in payroll taxes (Social Security and Medicare), federal income taxes range based on how much you make and how big your family is. Large family making lit
by pilom 11y ago
4.25% in payroll taxes (Social Security and Medicare), federal income taxes range based on how much you make and how big your family is. Large family making little, 0%; Single making $120k, your highest marginal rate is 28% but it will average out to an effective rate around 17% in my experience. State taxes range from 0% in Texas to what the other posts say about California.
- mercutio2 11y agoPayroll taxes are 7.65% until social security cuts out, not 4.25%.