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by masonic
2711 days ago
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Medicare + Social security is 6.2%, and you don't pay it for income above $118.5K.
(Using TY2018 numbers): no, SS alone is 6.2% and Medicare is 1.45% (each to both employee and employer). Cap for SS is $128.4K, but there is not only no cap for Medicare, there is a surtax above $200K, taking it to 2.35% for income over $200K. |
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