Srini991
Returning Member

Retirement tax questions

 @dmertz  and @Critter-3 

Do you both agree that total payroll taxes should be 12.4%?

According to IRS website.

https://www.irs.gov/taxtopics/tc751#:~:text=The%20current%20tax%20rate%20for,employee%2C%20or%202.9%....

 

In my case, it is very clearly crossed  total 12.4% of Social security tax.  IRS is over collecting taxes here.

Here, my maths is very clear.

 

You both are creating consensus to make maths wrong.