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1 posted on 10/18/2011 1:36:24 PM PDT by TLittlefella
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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?)
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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!)
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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")
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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)
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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.


6 posted on 10/18/2011 1:40:50 PM PDT by Bearshouse
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To: TLittlefella; Brookhaven

This is a job for http://nerds4cain.com via 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)
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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
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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?


14 posted on 10/18/2011 2:11:07 PM PDT by TLittlefella
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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)
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To: TLittlefella

You will only pay 9% in federal withholding the rest goes away except for state withholding.


19 posted on 10/18/2011 2:24:30 PM PDT by chris_bdba
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