What percentage of my paycheck is withheld for federal tax? The percentage of your paycheck withheld for federal taxes will depend on your filing status and income tax bracket. In addition to federal income taxes, you’ll pay 7.65% of your income in Medicare and Social Security taxes. What’...
Obviously, my calculation is simplistic because we all die at some point. My calculation is based on cash flow into perpetuity. To counteract the perpetuity, I assign a Probability of Payout percent. Further, we all won't have surviving spouses to continue receiving the pension long after we'...