SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Who Really Pays Taxes? -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (439)8/18/2000 12:59:04 PM
From: BWAC  Read Replies (2) | Respond to of 666
 
What?

FICA phases out at $76,200. 15.3% Including the employer 1/2 contribution. Max that is required to be paid in FICA:

11,658.

5,829 From the employee.
5,829 from the employer.

edit: There is no cap on Medicare. Add 2.9% total to all above 76,200.



To: Lizzie Tudor who wrote (439)8/18/2000 12:59:54 PM
From: Bill  Read Replies (1) | Respond to of 666
 
I didn't forget it. I thought you were talking about what your 25 year old pays, not what the corporation pays. If you want to add the corp's contribution to that of the employee, it is a fact that the government collects $24,000 for each employee making $500k per year.

In my mind this is a lib issue, not a conservative one. Clinton raised Medicare to no-cap status, which screws your workers.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News