Depending upon the type and stage of your lung cancer, radiation therapy may be used: 1  After surgery â To treat any cancer cells that might remain in the area after surgery. 2  Before surgery â To decrease the size of a tumor and make surgery more effective.
The Center on Budget and Policy Priorities states that three-quarters of taxpayers pay more in payroll taxes than they do in income taxes. The FICA tax is considered a regressive tax on income with no standard deduction or personal exemption deduction.It is imposed on only the first $113,700 of gross wages in 2013 and $117,000 in 2014. The tax is not imposed on investment income such as interest and dividends.or 2014, the employee's share of the Social Security portion of the FICA tax is 6.2% of gross compensation up to a limit of $117,000 of gross compensation (resulting in a maximum Social Security tax of $7,254).
Most people who file, roughly two-third take the standard deduction instead of itemizing, said Chris Woehrle, assistant professor of taxation at The American College of Financial Services. The standard deduction is a fixed amount that the Internal Revenue Service will knock off your taxes with no questions asked. For tax year 2013, the standard deduction is $6,100 if you're single or filing separately from your spouse. The standard deduction for those married and filing jointly is $12,200. If you have deductions (supported with proper documentation, of course) that top these amounts, then it makes sense to itemize your return.