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Subject: Re: You are wrong . after working thru the worksheet | |
Author: Oropan |
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Date Posted: 15:26:44 06/04/07 Mon In reply to: Bev 's message, "You are wrong . after working thru the worksheet" on 11:13:46 06/04/07 Mon That is correct. Except that the employer's half DOES have tax paid by the employer just like the half you pay. And about half of all people pay ZERO income tax NOW. Maybe we need that top ten percent of earners to pay all taxes and then the rest of us could live for free....kind of like a giant welfare1 > you only have to pay taxes on ss if your income is >above 45 000 dollars for a couple this is after you >already deduct half of your ss benefits. there was >never any tax paid on the portion the employer paid in >. ( in my case being my own employer i paid all of it >for many years ) It is fixed so lower income people >pay no tax on their ss. You have to look at that full >page worksheet and use a couple examples to see how it >all turns out . I would guess well over 75 percent of >the people do not pay taxes on their ss.I would bet no >one who is living on ss by itself it paying any taxes >on their ss its those of us who have other income plus >ss who are paying . [ Next Thread | Previous Thread | Next Message | Previous Message ] |
Subject | Author | Date |
Maybe the employer has to pay tax on the income anymore | Bev | 18:58:14 06/04/07 Mon |