|
Posted by removeps-groups@yahoo.com on April 30, 2008, 7:26 pm
Please log in for more thread options
> A couple who were both W-2 employees and have a household
> income of $147,501 would pay an additional $5,642 in Social
> Security taxes if the $102,000 cap on earnings was
> eliminated.
>
> This is wrong on so many levels, it is hard to know where to
> start.
One question I have, is that if they make all wage income subject to
social security, would they then lower the tax rate from 6.2% (or 6.2%
times two)?
> Second, Will assumes that the "household income" comes all
> from wages.
For most households, that is true.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap