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Old 11-18-2010, 02:52 PM
whell whell is offline
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,135
Here's the 35%: http://www.taxfoundation.org/taxdata/show/151.html

You can also find it here, page 8: http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Can we agree that FICA is 6.2% and Medicare is 1.45%

35 + 6.2 + 1.45 = 42.65%.

This is on income earned over $373500. Income below that amount is taxed at a lower rate.

Last edited by whell; 11-18-2010 at 02:56 PM.
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