
06-18-2024, 01:56 PM
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Sage
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Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 15,130
Thanks: 7,604
Thanked 6,256 Times in 3,227 Posts
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Quote:
Originally Posted by golfing eagles
I agree. And here is something more unfair: If you are self-employed, you pay 6.4 % SS tax up to whatever the current limit is, and 1.25% Medicare tax, no limit on income. But you pay DOUBLE that since you are your own employer, 15.3% off the top. But wait, there's more-----you pay income tax on that 15.3% that you never see!!!!!! Yes kiddies, that's right. Let's say you made 100,000. You pay 15,300 in FICA, then income tax on the full 100K. DOUBLE TAXATION!!!!! Robin Hood strikes again.
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Refer back to who makes laws? Lawyers so NO matter what they get paid. Winning or losing has nothing to do with it. It all about lawyers welfare program.
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