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Alias Born 07/08/2002

Re: sarals post# 10695

Thursday, 09/09/2004 1:31:19 AM

Thursday, September 09, 2004 1:31:19 AM

Post# of 18420
Exactly.

Something else about the social security tax. On the regular federal tax, the first $7,000 or so (when you add up the deductions), is not taxed. But with social security, every dollar of income is taxed. So if someone is making less than $9,000, they are paying far more in social security taxes, than federal taxes.

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