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Some people receive a huge fat refund every year because great deal is being withheld their own weekly or bi-weekly paydays. It wasn't until a few back that a colleague of mine came and asked me why However the worry plenty of about the $275 tax refund I received.

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For his 'payroll' tax as a staff member he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend the money for same many.65% - another $6,120. So from the employee with his employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Note that an employee costs a manager his income plus 7.65% more.

Someone making $80,000 each year is not really making a great deal of of money. The fed's 'take' is a lot now. Fees originally started at 1% for the rich. As well as the government is wanting to tax you more.

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