Offshore Business - Pay Low Tax: Difference between revisions
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Latest revision as of 23:07, 25 February 2025
Note: Mcdougal is actually a CPA or tax specialized. This article is for general information purposes, and really should not be construed as tax points. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.
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The 'payroll' tax applies at a small percentage of the working income - no brackets. The employee, get yourself a 6.2% of one's working income for Social Security (only up to $106,800 income) and specific.45% of it for Medicare (no limit). Together they take additional 7.65% of your income. There's no transfer pricing tax threshold (or tax free) associated with income to do this system.
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