tax info

[TW]

TW Posted:

Can you site verifiable statistical data for this? According to IRS data the top 5% of tax payers paid almost 60% of the tax burden, while the bottom 50% of tax payers accounted for only 3% of the taxes paid. This tends to disprove your theory.

No I can't site verifiable satistical data for this, Most is hear say. At this time all I have is your word for your point. Not that I'm doubting you, but as you ask for proof of me how about giving it your self. Thanks

Ask and you shall receive.

http://www.irs.gov/taxstats/indtaxstats ... 70,00.html

It is the IRS's statistical web site, you can find all the data there.


TW

[dolfan]

Also, here in CA, the employer has to pay for UI (unemployment insurance), and Worker's Comp Insurance. But, the employee doesn't contribute to those funds.

FUTA (Federal Unemployment Tax -- part goes to Fed, part to State) is same amount paid by employer as FICA. So, the employer actually pays (as I understand, in every state) the full 12.4% of the employees' gross for the pay period -- half of that is FICA, half is FUTA. Employee pays 6.2% for his own FICA tax. Just wanted to toss that out.