To: TLittlefella
Federal tax withholding - no (but lowered to reflect 9% rate)
SS and Medicare - yes (that is what offsets much of the bite for sales tax, for lower income earners).
2 posted on
10/18/2011 1:39:08 PM PDT by
Tandem
(What ever happened to personal responsibility & self-reliance?)
To: TLittlefella
“Payroll Taxes” are Social Security and Medicare.
3 posted on
10/18/2011 1:39:23 PM PDT by
Da Bilge Troll
(Defeatism is not a winning strategy!)
To: TLittlefella
Like a lot of legislation, they’ll have to pass it before you can find out that you’re screwed.
4 posted on
10/18/2011 1:40:11 PM PDT by
ex-snook
("above all things, truth beareth away the victory")
To: TLittlefella
Social Security and Medicare taxes are the payroll taxes. I would expect that the 9% income tax would still be withheld from paychecks, especially since it is so easy to calculate and doesn't change based on how much the victim...er, taxpayer would make.
5 posted on
10/18/2011 1:40:20 PM PDT by
KarlInOhio
(Compare "Delay is preferable to error" - Thomas Jefferson // "Pass this bill now!" - Barack Obama)
To: TLittlefella
Yes, in the current lingo, payroll taxes include SS & Medicare. The 999 tax is to replace those payroll taxes as well as the Federal Withholding Tax.
To: TLittlefella; Brookhaven
7 posted on
10/18/2011 1:44:11 PM PDT by
Fred
(But we are never going to survive unless we get a little crazy)
To: TLittlefella
What constitutes payroll taxes? Social Security deductions
Medicare deductions
Union Dues
13 posted on
10/18/2011 2:02:00 PM PDT by
umgud
To: TLittlefella
So far my simple questions has yielded conflicting answers, so once again I ask these simple questions:
What constitutes payroll taxes?
Will the Federal Income withholding tax be removed?
Will the Social Security withholding tax be removed?
Will the Medicare withholding tax be removed?
Are all those taxes considered payroll taxes?
To: TLittlefella
Everything is removed. You pay a one-time 9% flat tax.
17 posted on
10/18/2011 2:18:38 PM PDT by
Marie
(Cain 9s Have Teeth)
To: TLittlefella
You will only pay 9% in federal withholding the rest goes away except for state withholding.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson