Employers do not have to contribute to the additional Medicare tax amount, but they must continue to contribute 1.45% each paycheck. State income tax Some states do not have income tax, including: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming If your ...
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'...