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Pastimes : Let's Talk About Our Feelings!!!
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To: Lizzie Tudor who wrote (71888)1/10/2000 1:39:00 PM
From: Bill  Read Replies (2) of 108807
 
<<Right now, SS Fica taxes are (for all i&p) either 8K/year or 13K/year for each individual depending on whether someone is a sole proprietor or not >>

If you're going to try to make a reasoned argument, at least start with facts. This year, SS tax is capped at $4,724.40 for employees and $9,448.80 for self employeds. Medicare is an additional 1.45% for employees and 2.9% for self employeds with no cap.
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