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Latest revision as of 08:46, 13 August 2026
One more week until Tax xnxx Day. Have you filed yours yet? I haven't (probably should get on that, actually), while using the I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I will 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 fork out up and leave scot-free?
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But your employer even offers to pay 7.65% of the items income he pays you for your Social Security and Medicare insurance. Most employees are unaware of this extra tax money your employer is paying for you. So, between you and suddenly your employer, the costa rica government takes 14.3% (= 2 times 7.65%) of your income. If you are self-employed you pay the whole 15.3%.
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