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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / FICA
Post #342,197
by beepster
5/2/11 10:23:41 PM
Reply
New FICA
Boy I wish we had search....because now you've flipped.

When we talk about income taxes..you talk about how the poor are overtaxed...and use FICA in that calculation...

Now...you ignore FICA as insurance when its the corp side.

I KNOW there are examples of this in banter between us.
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
Post #342,198
by Another Scott
5/2/11 10:27:43 PM
5/2/11 10:28:31 PM
Reply
New ;-)
It's still got nothing to do with Exxon's corporate income taxes on their earnings.

HTH.

Cheers,
Scott.
Expand Edited by Another Scott May 2, 2011, 10:28:31 PM EDT
Expand All History
Post #342,199
by beepster
5/2/11 10:35:17 PM
Reply
New Re: ;-)
But the poor corporation is taxed multiple times, with excise taxes, payroll taxes..why should they have to pay a higher net tax rate than Obama? After all, he's rich!
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
Post #342,200
by Another Scott
5/2/11 10:40:32 PM
Reply
New ...
Post #342,201
by beepster
5/2/11 10:48:51 PM
Reply
New Re: ...
You seemed to like that argument before... ;-)
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
     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

I can use his toes to plug my holes.
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