To: Beelzebubba
My part of FICA is 7.65% of my salary (of which, I believe, 1.65% goes for Medicare and the other for Social Security).
My employer has to pony up and match another 7.65%.
49 posted on
02/26/2004 9:37:11 PM PST by
Choose Ye This Day
(I've got a fever...and the only prescription is MORE COWBELL! --rock legend, Bruce Dickinson)
To: MNLDS
My part of FICA is 7.65% of my salary (of which, I believe, 1.65% goes for Medicare and the other for Social Security).
My employer has to pony up and match another 7.65%.
Which means that the tax on your being employed is about 15%.
The fact that your employer's accountant makes the pay stub look like you have a smaller gross, and half the FICA, is irrelevant.
78 posted on
02/27/2004 8:36:32 AM PST by
Atlas Sneezed
(Your Friendly Freeper Patent Attorney)
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