Tax Attorney In Oregon Or Washington; Does Your Enterprise Have Some: Difference between revisions
(Created page with "One more week until Tax Night out. Have you filed yours yet? I haven't (probably should aboard that, actually), while using the I read in USA Today that roughly 47% of Americans won't even need to worry about [https://www.caringbridge.org/search?q=paying%20federal paying federal] income taxes, I start to wonder if I should even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going to pay up a...") |
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Revision as of 03:23, 23 January 2025
Invincible? Alphonse Gabriel Capone, notoriously known as "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, including but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did donrrrt you have enough evidence to charge him with any of the above incidents. However, it is no wonder that that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.
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The 'payroll' tax applies at quick percentage of one's working income - no brackets. As an employee, you pay 6.2% of your working income for Social Security (only up to $106,800 income) and just 1.45% of it for Medicare (no limit). Together they take a lot more 7.65% of your income. There is no tax threshold (or tax free) amount of income to do this system.
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