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Category: Income

  • Understanding Social Security Taxes in 2025

      In 2025, the Social Security payroll tax rate is 12.4%, which consists of 6.2% deducted from your paycheck and an additional 6.2% matched by your employer. For instance, if your taxable payroll income is $100,000 in 2025, the total Social Security payroll tax would be $12,400, split equally between the employee and employer, with…

  • Navigating the World of Passive, Residual, and Active Income

    Explore the diverse landscape of income streams, from passive investments to active entrepreneurship. Discover strategies to build sustainable wealth and achieve financial freedom through a strategic mix of income sources. What is Passive Income? Definition Passive income refers to earnings that come from sources other than traditional employment. It’s money that flows in with minimal…