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.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (125439)10/5/2000 10:29:03 PM
From: Amy J  Read Replies (2) | Respond to of 1570329
 
OT Hi Jim, RE: "you added medicare twice"

Medicare is added twice because both the employee and employer pay 1.45% each (for a total of 2.90%).

Most employees don't know this, but the employer has to pay 1.45% too (in addition to the employee paying 1.45%) and this (employer's payment) is not recorded on the employee's pay check (because the employer pays it).

So, in summary, the employee *and* employer *both* pay medicare and soc sec as follows:

employee pays 1.45% in medicare
employee pays 6.2% in soc sec
employer pays 1.45% in medicare
employer pays 6.2% in soc sec

I think all paychecks in the USA, should show both employee and employer payments, since this is what is truly paid and this way an employee really knows how much money actually is being paid to the government in taxes.

Regards,
Amy J



To: Jim McMannis who wrote (125439)10/5/2000 11:57:24 PM
From: Amy J  Respond to of 1570329
 
OT RE: "intangable personal property taxes"

Hi Jim, What's intangible personal property tax? Is this a tax on a person's net worth??

Regards,
Amy J



To: Jim McMannis who wrote (125439)10/6/2000 12:26:58 AM
From: david_langston  Respond to of 1570329
 
Jim,

It's hardly all stealth but you got to wonder why people would vote for more of the same...

You forgot the real stealth tax - debasement of the currency a.k.a. inflation, and last but not least, the shuffle-off-this-mortal-coil tax a.k.a. the estate tax.

Almost makes one wonder if it isn't time for another revolution.

Dave