Difference between revisions of "Offshore Business - Pay Low Tax"

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The 'payroll' tax applies at a limited percentage of the working income - no brackets. A good employee, get yourself a 6.2% of one's working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take additional 7.65% of the income. There's no tax threshold (or tax free) amount of income to do this system.

In addition, the exclusion is only one good thing that significant. The income level what place each tax bracket applies was also increased for inflation.

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