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FICA: Definition, Rates, How to Pay If Self-Employed

FICA is the US payroll tax that funds federal safety net programs for retirement and health care.

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Federal Income Tax: Definition, Brackets

Federal income tax is levied by the IRS on the income of individuals, businesses, and other legal entities. Brackets for 2021 range from 10%-37%.

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State Income Tax Rates: Highest, Lowest, 2021 Changes

California and New Jersey have some of the highest rates, while Alaska and Florida are among those that don't levy state income taxes.

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Property Tax: How to Calculate, Local Considerations

To calculate a property tax bill you multiply a home's assessed value by the mill levy, which is the local government's tax rate.

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Estate Tax: Definition, Who Pays

The federal estate tax is a one-time levy on your right to transfer property when you die and applies only to the value of assets in excess of $12.06 million for 2022.

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