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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (21675)	6/15/2004 12:19:41 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Weren't you and most of your SV co-workers able to escape huge FICA pmts. by being paid with stock options for years and years?" Or paid through dividends...

To: GraceZ who wrote (21675)	6/15/2004 2:50:23 PM
From: Lizzie Tudor	Respond to of 306849

only the very senior people are paid in equity only. THe senior people, over 45 or so seem like they will get something from SS anyway so it isn't so bad. The junior people, my employees always paid fica and payroll taxes. In fact the pure payroll situation wrt job loss is probably the single largest factor that CA remains broke. Fica only hits the people that can afford it least actually, if you are in senior management and you aren't working for stock options you probably don't care about fica because it tops out at slightly less than 90K. Just enough to ripoff all the midrange and lower level workers.