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Involved with something how the IRS takes very seriously and the penalties can be up to five years imprisonment and fine of up to $100,000 for each incident. But your employer even offers to pay 7.65% goods income he pays you for your Social Security and Medicare health insurance. Most employees are unaware of this extra tax money your employer is paying you. So, between you including your employer, the govt . takes about 15.3% (= 2 times 7.65%) of your income.

For anyone who is self-employed instead of the whole 15.