Portfolio managers may be called investment managers, wealth managers, asset managers or financial advisors, but a true portfolio manager position is focused on the analytical side of investing rather than the sales aspect. Job Description
The short answer is that the average American tax return resulted in a tax bill of $9,118. During the most recent year for which we have complete data (2014), there were about 148.6 million tax returns filed, resulting in approximately $1.355 trillion in tax liability, after applying credits.
Social Security Tax. The Social Security tax is calculated as a fixed percentage of your gross pay. Usually the Social Security tax rate is 6.2 percent, but for 2011 and 2012, Congress lowered the rate for employees to 4.2 percent. There is an annually adjusted income cap. For example, in 2012 the cap increased from $106,800 to $110,100.