FICA

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Post #342,197 by beepster 5/2/11 10:23:41 PM Reply	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	;-) It's still got nothing to do with Exxon's corporate income taxes on their earnings. HTH. Cheers, Scott. 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	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	...
Post #342,201 by beepster 5/2/11 10:48:51 PM Reply	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

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