The average income earner pays a 28 percent withholding tax and 7.65 percent, their share of the payroll tax. Their increase in take-home pay would be about 55 percent the next day.
JOHN LINDER: “The average income earner pays a 28 percent withholding tax and 7.65 percent, their share of the payroll tax. Their…”
Editor's note · Context
Discussing the impact of tax policy on average income earners.
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