and governments
http://www.extension...the-united-states
religious, students, and opt out government employees
rare corner case for a very few employers
and governments
http://www.extension...the-united-states religious, students, and opt out government employees Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
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Ahem...didn't argue that it wasn't rare.
It's for any employee not to have to pay FICA.
But, if you're hiring the Amish... IRC 1402(g) says that members of certain religious faiths (called "religious sects or divisions thereof" in the statute) can be exempted from paying self-employment tax if they file Form 4029 with the IRS and have it accepted. Moreover, IRC 3127 says that if both the employer and the employee file the form, then the employee is exempt from FICA and Medicare tax (both the employer and the employee portions). If the forms aren't filed by both employer and employee and accepted by the IRS, FICA and Medicare tax still apply with full force. http://benefitslink....s_employer&id=194 |
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Dunno if they do now, but ...
Long Beach Unified School District teachers didn't pay FICA for decades. TALB (Teachers Association of Long Beach) anyway.
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exxonmobile 10.7 billion broken out
- (boxley)
- (38)
- May 2, 2011, 11:11:22 AM EDT
Um, so they count FICA, etc., as taxes paid???
-NT
- (Another Scott)
- (37)
- May 2, 2011, 11:14:52 AM EDT
They can because they do
- (beepster)
- (31)
- May 2, 2011, 11:59:25 AM EDT
Interesting
- (S1mon_Jester)
- (2)
- May 2, 2011, 12:07:27 PM EDT
50/50
- (Steve Lowe)
- (1)
- May 2, 2011, 12:14:12 PM EDT
Re: 50/50
- (S1mon_Jester)
- May 2, 2011, 01:06:03 PM EDT
Is FICA a tax on their profits? No, it isn't.
- (Another Scott)
- (27)
- May 2, 2011, 02:32:18 PM EDT
So are you
- (beepster)
- (13)
- May 2, 2011, 02:48:37 PM EDT
The topic is Exxon's earnings and taxes on same. HTH.
-NT
- (Another Scott)
- (12)
- May 2, 2011, 03:07:26 PM EDT
Really? Cause I read in Box's post....
- (beepster)
- (11)
- May 2, 2011, 03:53:00 PM EDT
It has nothing to do with how much tax they pay on earnings.
- (Another Scott)
- (10)
- May 2, 2011, 04:18:58 PM EDT
Why not?
- (beepster)
- (9)
- May 2, 2011, 04:54:02 PM EDT
You need to review the definition of "earnings", I think.
-NT
- (Another Scott)
- (8)
- May 2, 2011, 05:21:04 PM EDT
I don't think so...
- (beepster)
- (7)
- May 2, 2011, 05:24:54 PM EDT
Heh...
- (Another Scott)
- (6)
- May 2, 2011, 05:45:04 PM EDT
Ah, I see..
- (beepster)
- (5)
- May 2, 2011, 05:53:59 PM EDT
Riddle me this, Batman.
- (Another Scott)
- (4)
- May 2, 2011, 06:10:54 PM EDT
And my other point....
- (beepster)
- (3)
- May 2, 2011, 07:14:46 PM EDT
The thread's not big enough to handle all of them... ;-)
-NT
- (Another Scott)
- May 2, 2011, 08:03:46 PM EDT
I'll vilify them just as much as the Oil Companies.
- (folkert)
- (1)
- May 2, 2011, 09:34:57 PM EDT
Beep's a big Bernie Sanders supporter, donchaknow.
- (Another Scott)
- May 2, 2011, 11:22:18 PM EDT
yes it is
- (boxley)
- (12)
- May 2, 2011, 08:45:56 PM EDT
No it isn't.
- (Another Scott)
- (11)
- May 2, 2011, 09:46:56 PM EDT
FICA
- (beepster)
- (4)
- May 2, 2011, 10:23:41 PM EDT
;-)
- (Another Scott)
- (3)
- May 2, 2011, 10:28:31 PM EDT
Re: ;-)
- (beepster)
- (2)
- May 2, 2011, 10:35:17 PM EDT
...
-NT
- (Another Scott)
- (1)
- May 2, 2011, 10:40:32 PM EDT
Re: ...
- (beepster)
- May 2, 2011, 10:48:51 PM EDT
feds dont take out fica for their employeees they are exempt
- (boxley)
- (5)
- May 3, 2011, 07:28:50 AM EDT
You're wrong about that, too.
- (Another Scott)
- (4)
- May 3, 2011, 07:36:32 AM EDT
Only because he stated an absolute..
- (beepster)
- (3)
- May 3, 2011, 08:52:09 AM EDT
No, he was wrong because he was wrong. HTH.
-NT
- (Another Scott)
- (2)
- May 3, 2011, 10:02:21 AM EDT
Forgive us for being old...
- (beepster)
- (1)
- May 3, 2011, 10:31:15 AM EDT
:-) I'm getting up there too.
-NT
- (Another Scott)
- May 3, 2011, 11:19:10 AM EDT
is it a tax? Yeah because you cant opt out as a company
-NT
- (boxley)
- (4)
- May 2, 2011, 12:31:26 PM EDT
Not sure that's true
- (S1mon_Jester)
- (3)
- May 2, 2011, 01:14:54 PM EDT
rare corner case for a very few employers
- (boxley)
- (2)
- May 2, 2011, 01:21:08 PM EDT
Ahem...didn't argue that it wasn't rare.
- (S1mon_Jester)
- (1)
- May 2, 2011, 01:23:01 PM EDT
Dunno if they do now, but ...
- (mmoffitt)
- May 2, 2011, 02:05:01 PM EDT