"Michael Coburn" <mikcob@[EMAIL PROTECTED]
> wrote in message
news:gglak2624tc@[EMAIL PROTECTED]
> On Sun, 23 Nov 2008 09:29:06 -0800, Jeff Strickland wrote:
>
>> "Mason C" <masoncXXX@[EMAIL PROTECTED]
> wrote in message
>> news:pt1hi4h184638pt40eu3olcrgfhnbc8kc5@[EMAIL PROTECTED]
>>>
>>> But we must keep trying....
>>>
>>>
>> That was one weak-assed attempt at trying anything.
>>
>> Please address the salient point, should your wealthy neighbor pay your
>> retirement through FICA taxes?
>
> Most wealthy people don't pay FICA taxes.
That is a complete load of ****.
Everybody that is a wage earner (is paid on a W2) pays FICA on the first
$78,000 of income, or whatever the cut off is these days.
Everybody that is a 1099 employee pays FICA when they file income taxes.
Everybody is either a W2 (or W4, I forget which and don't care because it
doen't matter here) or a 1099 employee. Even the head of a multi-million
dollar company is paid by a W2, and taxes are withheld. Consultants are
paid
by a 1099. Only relatively low paid self-employed people escape these two
forms of income re****ting.
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