 TAXES...What do you think of this? |
This is someone else's quote but I personally feel the same way...What are your thoughts?
"The Government is a service. I would prefer an Invoice, with an explanation of ... |
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 My husband and I are receiving Social Security , We do not file with IRS. Do we get a refund? |
| WE WERE TOLD BY SOCIAL SECURITY WE DID NOT HAVE TO FILE BECAUSE OF OUR INCOME, ONLY FILE IF WE HAD AN EXTRA INCOME. WE DO PAY PROPERTY TAXES, GAS TAX, ETC. AND THERE IS NO EXTRA INCOME. DO WE GET A... |
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 Rebate paper check question? |
What does it mean if the Irs website says my check will be issued on may 15? It gives my amount but I have never received a letter. So does that mean its getting mailed out or should be here?
A... |
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 My tax teacher said I don't need to file? |
| Okay, Last year I had a part time job as a data entry clerk and was paid as a independent contractor (1099-Misc) I only made a little over 2grand, I asked my taxes professor If I had to file a 1040, S... |
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 Rebate check? |
| I am a single parent I have 1 son who is 16 and two daughters one is 19 and my other child is 23, My 23 old daughter works part time and files taxes on her own, and my 16 and 19 I file there taxes ... |
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 Anyone tried to get Child Tax Credits ? |
| I have been trying for days to get through to Child tax Credit line, anyone would think you could request a form on line, but no joy , and every time I try the phone link, I get told try later, and ... |
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 How can I change to get 1099 instead of paying employee taxes? |
| If I coul invest my money instead of apy social security I would have a more stable future.... |
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 When can my parents no longer claim me on their taxes? |
| I am single, 19, a full time student and I work part time, I made over 4,000$ this year but I still live at home. Can they still claim me when I make over a certain amount of money? If you would, ... |
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 Can anyone help me with benefits that i will be entitled to? |
| i have just found out im pregnant with baby no 4. my husband and i rent our home and live in wales. i have worked since i have left school whilst my hubby has been a househusband as i earned the ... |
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| What if everyone raised their withholding and stopped paying taxes because of the economy? |
| I am feeling the pinch - just like the banks and automakers. If I stopped having fed tax withheld I would be better off. All I have to do is claim more exemptions. Then I could whine that I can... |
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 I got a paper on the mail about my stimulus refund saying that I'm getting 608 dollars!? |
| I only made 17,000 and I have a child that I claimed on my taxes I don't get it, I thought I was getting 900 like everyone else! what happened?... |
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 Why is my stimulus deducting my return? |
So i just prepared my taxes and instead of receiving $284 i OWE $316 when i remove the stimulus from TurboTax's questionaire i get the $284.
So being the IRS stated that it will not ... |
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mugithi 1 | Does your employer pay your social security? |
i was told as an employee you pay half of your social security and your employer pays the other half. Is this true? |
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Ty H
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No you do. Its all a bunch of wacky bookeeping. Your employer highers you and knows what it will cost to employ you. The employer contribution is your money taken by the federal government. If you were to put the 14 percent taken out for ss put it in the bank at 5 percent you'd end up with a heck of a lot more than you do now. But the thieves in Washington wouldn't have as much money for vote buying schemes. They also love to use ss as a scare tactic to get votes. |
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Judy1
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Yes that's true - you each pay 7.65% of your salary. If you are self-employed, you pay both halves, or 15.3% of your net income. |
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ninasgramma
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Yes, it is true. However the half that you pay, you also pay income taxes on when you contribute it. The half that your employer pays is tax-free to you.
When you take payments from Social Security, up to 85% of that could be taxed, so in effect some of the employer's contribution may eventually be taxed. |
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STEVEN F
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Yes and no. According to the IRS, you and your employer each pay 7.65% of you wages for social security and medicare. However, your employer knew that when they decided how much to pay you. The 'payroll tax' was figured into the offer. Your income IS reduced by the full amount even if you never see the money on your pay statement. |
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bostonianinmo
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Yep, that's exactly how it works!
If you are Self-Employed, you have to pay both halves. |
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Natalie C
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Social Security taxes are taken out of your paycheck every pay period. Your employer also contributes to Social Security. The Social Security administration sends you a yearly statement detailing the amount of money you have earned every year, how much money you can collect if you retire at age 65 and age 72. They also tell you what your survivors can collect in the event of your untimely demise. |
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ProfessorC
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Yes - its currently 6.2% and an additional 1.45% for medicare so its a total of 7.65%. |
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SDD
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The employer REMITS half of your social security tax. Keep in mind that employers are incapable of actually PAYING for any taxes. They merely collect them from other people. This could be you (in the form of wages that are less than you might otherwise receive), customers who buy your products and services, or owners of the business that employs you. |
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