Unless it includes the employer share of FICA/medicare, but that doesn't seem logical.ken_sylvania wrote: ↑Fri May 07, 2021 6:16 pm 11.2% is hard to explain even including all taxes other than state, federal and local income taxes. I'm familiar with the deductions for the high tax states on the east coast, and they don't get anywhere close to that.
Communism and the Civil Rights Movement
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ohio jones
Re: Communism and the Civil Rights Movement
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ken_sylvania
Re: Communism and the Civil Rights Movement
The employer's share of FICA/Medicare should be included in the tax burden of the employer, not the employee. I suppose if there are enough folks in that bracket who are self-employed (paying 15% self employment tax) it could raise the average percentage somewhat. It just doesn't seem likely it would raise it that far.ohio jones wrote: ↑Fri May 07, 2021 6:41 pmUnless it includes the employer share of FICA/medicare, but that doesn't seem logical.ken_sylvania wrote: ↑Fri May 07, 2021 6:16 pm 11.2% is hard to explain even including all taxes other than state, federal and local income taxes. I'm familiar with the deductions for the high tax states on the east coast, and they don't get anywhere close to that.
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Ken
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Re: Communism and the Civil Rights Movement
That is a reasonable assumption. The percentage of self employed is about 30% which includes all farmers, Uber drivers, contractors, MLM marketers, etc. There are a lot of them.ken_sylvania wrote: ↑Sat May 08, 2021 2:28 pmThe employer's share of FICA/Medicare should be included in the tax burden of the employer, not the employee. I suppose if there are enough folks in that bracket who are self-employed (paying 15% self employment tax) it could raise the average percentage somewhat. It just doesn't seem likely it would raise it that far.ohio jones wrote: ↑Fri May 07, 2021 6:41 pmUnless it includes the employer share of FICA/medicare, but that doesn't seem logical.ken_sylvania wrote: ↑Fri May 07, 2021 6:16 pm 11.2% is hard to explain even including all taxes other than state, federal and local income taxes. I'm familiar with the deductions for the high tax states on the east coast, and they don't get anywhere close to that.
plus, many states have additional state payroll taxes for various things like state UI, disability, etc.
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