Income Tax in the U.S. - Part 2: State and Local Taxes, Social Security, and Medicare

U.S. tax rules don’t stop at the federal level - where you live and work also matters. This video covers the basics of state and local income taxes, how payroll taxes (FICA) fund Social Security and Medicare, and what it means if you're self-employed or employed by a U.S. company. We break it all down so you can better understand your paycheck and your total tax burden.

*Disclaimer*
The information provided in this video is not, and is not intended to, constitute legal or tax advice; instead, all information, content, and materials contained in this video have been prepared for general informational purposes only. Information contained in this video may not constitute the most up-to-date legal, tax or other information and no representations are made that the content is error-free.

You should contact your CPA or attorney to obtain advice with respect to any particular tax and legal matter. You should not act or refrain from acting on the basis of information contained in this video without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual CPA or attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.

Any liability with respect to actions taken or not taken based on the contents of this video is hereby expressly disclaimed.

Видео Income Tax in the U.S. - Part 2: State and Local Taxes, Social Security, and Medicare канала Orbiss