Posted on 12/19/2017 11:15:05 AM PST by Kaslin
If I remember correctly, Multimillionaire John Kerry could have voluntarily paid a higher State Income Tax in MA because there was an option on the Tax Form to do just that.
He chose the lower Rate. This is my shocked face. #;^O
Yeah, we already know about his Million Dollar Yacht docked in RI to avoid the Taxman. LOL
>>>>Social security is a payroll tax and is not touched by this in any way. You pay %6.2 and your employer pays 6.2% on your behalf: 12.4% total<<<
Of course the Employer actually pays the whole enchilada. Just some more Government mandated feel good Propaganda.
Anyone who hires an Employee does so by budgeting full Employee Compensation.
Those pushing for a $15 an Hour Minimum Wage are actually pushing an $18 an Hour Minimum Wage and I’ll bet a dollar to a donut they haven’t a clue nor do they care.
They just pick a number out of the air and go for it.
It’s no wonder so many Job Positions are 1099. Let the Worker take care of their own Payroll Taxes. The Government makes Employers the bad guys and drowns them in ridiculous Costs and Regulations.
One thing does bother me. On Fox business today they were saying that people won’t feel the full positive effect of this bill for a few years. That means people may be disgruntled enough to hand the House to the Dems in 2018. I surely hope not.
I hope not either, because there is nothing the rats would like to do and that is impeach President Trump.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.