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Apr 29, 2008 ... Gibson led us to believe raising the capital gains tax rate would .... This could lower the FICA tax and fix Medicare and social security. ......
The new rates are reflected in the Tax Table and the Tax Rate Schedules. ... Maximum amount of self-employment income subject to FICA tax is $87000. ......
A better idea is a dual- rate flat (income) tax , in which the higher rate kicks in when the FICA tax rate drops off (currently at an income of $97500). ......
May 7, 2008 ... It is dishonest to look at total revenue when it was income tax rates that were cut. Total revenue includes FICA taxes and other social ......
However, the equivalent FICA tax applies to salary compensation paid to an S corp shareholder-employee. For 2007, the FICA tax rate is 15.3 percent on ......
figure -1.gif. figure -1.gif. Size: 29kb Dim: 397 x 383 ... [42] The total FICA tax rate is 7.65%, payable by both the employer and the employee (i.e., ......
FICA Tax = Required Earnings x 7.765% = $17038 x 0.0765 = $1303. ... I suppose Fatty's figure includes both direct and indirect taxes. ......
So, how does he figure ? The usual free-lunch argument is that lowering the tax on ... There's also the problem that a tax rate of zero will not bring in any ......
Feb 9, 2008 ... But I figure I'll keep working. But what if the FICA tax went up ..... This seems to refute the point that high tax rates don't affect one's ......
The IRS then subtracted tips already reported and applied the FICA tax rate to the remainder. Using this method, the IRS determined that from 1991 to 1992 ......
The FICA tax rate is the combined social security tax rate of 6.2% and the Medicare tax rate of 1.45%. Take additional 7.65 % out of your salary in addition ......
From Joe's employer's point-of-view, Joe's total FICA tax rate is 12.6 / 107.65 or ... the correct figure is certainly down at the low end of that range. ......
The total FICA payroll tax rate is 7.65% of covered wages payable by employees ... Figure 2 shows the income, expenditures, and trust fund assets for the HI ......
Try explaining to a fry cook at Denny's what his true FICA tax rate is, and where his .... But as Chalmers Johnson has documented, the figure of 702 foreign ......
(To figure out your additional tax , multiply 1.45 percent by the difference between $51300 and what, if anything, you make more than that.) The rate of the ......
