Communism and the Civil Rights Movement

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ohio jones

Re: Communism and the Civil Rights Movement

Post by ohio jones »

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.
Unless it includes the employer share of FICA/medicare, but that doesn't seem logical.
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ken_sylvania

Re: Communism and the Civil Rights Movement

Post by ken_sylvania »

ohio jones wrote: ↑Fri May 07, 2021 6:41 pm
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.
Unless it includes the employer share of FICA/medicare, but that doesn't seem logical.
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.
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Ken
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Affiliation: former MCUSA

Re: Communism and the Civil Rights Movement

Post by Ken »

ken_sylvania wrote: ↑Sat May 08, 2021 2:28 pm
ohio jones wrote: ↑Fri May 07, 2021 6:41 pm
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.
Unless it includes the employer share of FICA/medicare, but that doesn't seem logical.
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.
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.

plus, many states have additional state payroll taxes for various things like state UI, disability, etc.
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A fool can throw out more questions than a wise man can answer. -RZehr
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