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FAQ

Does the new tax table for 2021 mean more income or just less taxes taken outover the year?
The tax tables only deal with your taxes. The change in tax means you willhave less Federal Withholding Tax deducted from your gross total income. Itdoes not affect your FicaMedicare Social Security or state or city taxes.So your net pay your take home pay will be increased but only because yourtax decreased. It won’t change the pay you earned before taxes.Don’t run out and spend all of your spare money. It won’t be that much of adifference
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