TAXES

YOUR MONEY

Federal Taxes

Federal taxes are a tax taken out of each person's pay check by the United States IRS. The money goes to things such as defence and internationalsecurity system, social security, as well as medicare, medicaid, and CHIP.


State Taxes

Sate taxes are sepereate from federal taxes. The state has its own set of deductions and credits it may take from one's income. The money goes to public transportation, public assistance, education, etc.





Percentages Deducted

Social Security averages on deduction 6.02% each pay check.

Michigan's State Tax averages 4.35% in decuctions

Medicare Tax averages 0.9%

Depending on the income, Federal Tax deducts between 10% and 39.2%