Taxes outta my Paycheck

aagiants · Post by **aagiants** » Mon Nov 18, 2002 10:28 pm

I have 2 jobs. One at a Senior center, another at the YMCA. Both Receptionist job. One pays 8.88$ other is 8.00

Well i get taxed diffrently on both paychecks

For the YMCA i get only charged for a F.I.C.A. tax

At the senior center i am charge INCOME tax, Social Security Tax and Medicare Tax

I am geting income tax charged by mistake, and will get that back, but what are the other 3 taxes for

ace · Post by **ace** » Mon Nov 18, 2002 10:36 pm

All I have to say is wait until they take out 4-5 hundred from your check for taxes..its a bitch..

but what can ya do?? just suck it up and go on with your day.

EvilAngel · Post by **EvilAngel** » Mon Nov 18, 2002 10:57 pm

1/4th of my paycheck goes bye bye every week... bastards

Not sure how to explain it to ya aagiants

twwabw · Post by **twwabw** » Tue Nov 19, 2002 4:51 am

First, remember they're not charging you anything.... they're withholding tax. Big difference. You don't actually pay any tax until tax time. If they withheld it, and your total income is insufficient to have to pay taxes, you get it back. The purpose of withholding, is "supposed" to be to your benefit

( Hi... I'm from the IRS, and I'm here to help you..). Benefit being they want to use your predicted tax money throughout the year. If you under-withhold (I believe more than 10% off) , you are subject penalties. If you over-withhold (aka: you get a big refund) then they just say "hmmm... oh well... thanks. Here's your money back", of course without any interest, like they would have charged you if the shoe was on the other foot.

When you started work, you should have been asked to fill out a form W-4. This is the employee withholding worksheet, where there are at least 6,452 calculations to tell your employer how much to withhold for you

. I believe the only time an employer is not required to is if they anticipate your total annual wages to fall below a minimum criteria ( 2,000 maybe ??? ).

FICA stands for Federal Insurance Contribution Act- in other words, Social Security.... that misunderstood, maligned, mutated thing that FDR started back in the 30's, to help people who were too old to work, and had nothing, to survive, and to supplement your retirement. Now of course, we're all supposed to treat it as a retirement plan, providing a nice retirement for those who have not planned for one, instead of just for those who truly need it.

(my rant...) You'll use this to give away 6.2% of what you earn (but only of the 1st $ 76,200) forever, or until you make too little, or die. Which ever is most applicable.

Medicaire withholding is just what it says: withholding money to pay for Medicare, which is medical coverage for senior citizens, and the disabled.

These two items used to be lumped together as S.S. tax, but now are broken out separately- better IMO, so you can see the actual cost of each.

Ghosthunter · Post by **Ghosthunter** » Tue Nov 19, 2002 5:18 am

Welocome to the real wold of paying taxes and let me tell you it stinks

downhill · Post by **downhill** » Tue Nov 19, 2002 5:26 am

I must have a difference of opinion than a lof of folk.

I'm of the school that it's too bad that someone didn't think of a bastard type of retirement when it was envisioned.. A mix of SS and a true qualified plan. (401k- IRA- Keogh, ect ect).

However, SS doesn't just pay retired people. Children who are 18 and under get it till they reach the age of 16 or 18 if still in school if a parent is deceased...As to other qualified people. It serves a purpose but.......SS has been under attack by the very selfish in this country for some time. As well as taxes.

Lets examine what would happen if everyone just quit paying.

No more military...(A huge part of the budget.) But what the hell.......we don't need it as much as we NEED another TV in the house...

A huge part of the elderly would just plain starve since they were counting on that SS check to pay for food....Remember, most of them paid in most of their lives.....sure...lets rob them of it.......

Public projects like that little pork barrel spending in your own community....money earmarked for EDUCATION...what for? Hell, keep them kids at home and EDUCATE them yoursleves.....after all...your not paying another dime to educate someone else's kids. Hell, let em rove around the streets, learning how to STEAL from those of you who are now RICH cuz you no longer pay taxes...

How about money spent on the Federal Interstate system? We don't need it....after all, there's nothing wrong with getting that new mobo you just ordered NEXT MONTH....and hope it's ok after being jostled around on a dirt road....

I could go on..but taxes actually BENEFIT the country...

On the otherhand, SELFISNESS does nothing but change the course of what is referred too as the [Ronald Regan voice] the great experiment[/Ronald Regan voice] around...

Selfishness is the bane of society.

Let me ask those who think otherwise......just how to the rich get rich? By selling goods to themselves? Even Bill Gates isn't going to by that one.

I suppose that I don't really mind paying taxes when you look at the whole picture.

And...I belive the attack on taxes and SS is pure balderdash...

Let me ask those that believe otherwise, Since Rooselvelt..just how bad off is this country? We are the envy of the world. People are comming here in droves everyday. Our southern border is overrun everynight with people looking for a better life. Name me ANY two countries that could kick our ass in a war...ANY COMBINATION you like. Exclude nukes in the equation.

This talk by the far right is pure baloney....it's the I WANT MORE THAN YOU syndrom at it's finest.

Sheesh.......

zooner · Post by **zooner** » Tue Nov 19, 2002 5:36 am

I have no problem with the taxes I pay. I feel that it's actually an amazing bargain for what I get!

Think about how nicely we're taken care of and how few worries we really have that are taken care of as a result of our taxes. It wasnt that long ago that if grandpa died... grandma lived with you. period.

We're fed this pack of lies about the future of SS. Do I understand more of it, no. However, I beleive two things. First of all, thank god we have it. The second is that privatizing it is EVIL. There is only one reason to do it and that's so the rich get VERY rich. What would happen to the stock market with that inflow of money???

a HUGE, but temp increase in the stock market.

I think it'd be interesting to trace back when SS money started leaving SS.

think about it. heck, we're all partial sometimes to the lies they feed us.

twwabw · Post by **twwabw** » Tue Nov 19, 2002 6:19 am

I think it'd be interesting to trace back when SS money started leaving SS.

That's easy.... LBJ and the Democratic Congress in 1968.

However, SS doesn't just pay retired people. Children who are 18 and under get it till they reach the age of 16 or 18

Forgot about that one- yes, and a good thing.

I'm of the school that it's too bad that someone didn't think of a bastard type of retirement when it was envisioned.. A mix of SS and a true qualified plan.

I agree somewhat. No problem helping those, who through no fault of their own, have NOTHING. But, it was never conceived as a want-not retirement plan. And, I think that net worth should figure in the calculation of benefits. It does to the extent of income throughout retirement, but that's not enough. Assets should figure in too.

I could go on..but taxes actually BENEFIT the country...

Of course they do! My problem is how they spend it. Look at what has been done over the last administration's term to dessimate our military. Scary. Look at what we spend on Welfare. Disgusting. Work-fare violates their rights. Bullsh*t... them sitting on their lazy a*s, smoking weed and crack, chuggin' a beer, and buying food with food stamps is what bugs me. I'll help anybody who truly needs help, to the extent that they also try to help themselves. Oh poor, pitiful me.... I need decent housing.... a better education.... more opportunities.... I can't even afford food for my 11 illegitimate kids.

But, you vandalized the school, shoot and stab each other on the campus; Your house isn't very nice either, after you smashed the windows out of it, spray painted grafitti on the siding; and tore the copper plumbing out to sell for cash to buy more drugs. You need a better education.... then why didn't you ever go to school? Why did you quit? I can't afford food.... but, you can redeem a 20 dollar food stamp for a quart of milk, get 18 bucks in change, and go around the corner and buy some more beer, a pack of cigarettes, ( I can only afford generics now!!! Increase my food stamps!!) , and maybe pool your savings for another nickle bag. Of course, it IS hard to feed 11 kids, that you startd having at 13. It IS a difficult concept to pinch your legs together.

Yes- we need to spend money on highways, schools, our military, and take care of our truly poor (the ones who are truly needy,and can't help it). Are taxes good? Of course they are! And yes, that little pork barrel local project is probably good too now and then... people work and get paid to build it, staff it, and maintain it.

And yes- I want more than you.... I want more than anybody.... if anyone says they don't want more, then they lie. But I'll work for it, thank you. And I do... very hard. What I have is mine- I bought and paid for it. I'll pay my share to help others. But just because I have something someone else doesn't have, does not make me an evil selfish person. I got to the point I'm at by hard work, taking chances, and busting my hump. Does someone else deserve the same as I have? If they worked for it- yes. If they're a lazy P.O.S. with their hand out- no.

zooner · Post by **zooner** » Tue Nov 19, 2002 7:09 am

I agree with most of what was said here.

I've seen two facts over the years that REALLY sicken me. First of all, I want numbers. Secondly, how much of our money is spent where??

I feel almost like a sheep. We are trained to hate poor people and other races and each other. We're told this and that and this. Ever notice they always include 'black man', but only add any adjective when they are black?

My point? My point is that people often get angry, as they should, of people milking the system. What do I want? I want NUMBERS. How much of our tax dollar gets ripped out of our pockets by these poor folks?

My info is old, but nys was somewhere around 2%. huh? wtf???? That's it???? Yep. So... all those emotions that are pumped into our bloodstream about poor hatred, where do they come from?

Again, my info is old on this. Our miltary during peacetime uses over 6% of a gdp. Could be wrong... could be old info.

There's just so much floating around in my head and it's amazing how often newspapers and tv get it just plain wrong. Nope... I"m not even really smart. But charlie, the world AINT grey. It's really black and white... the shades of grey are just the seven deadly sins casting thier shadows.

zooner · Post by **zooner** » Tue Nov 19, 2002 7:11 am

(let me just say too. we've had a number of these decussions in the past month. I LOVE THEM. I dont give a sh*t if we disagree. I am learning SO MUCH. thanks for all who join in, esp downhill and twwabw(even if he usually is wrong-lol))

twwabw · Post by **twwabw** » Tue Nov 19, 2002 7:44 am

I like them too (usually).... aggreeing to disagree (and having the ability to do so!) is part of what makes our country great. I only object when it's portrayed that the "have's" are evil, and should give everything to the "have not's". Government and politics are frustrating because they tend to be self-perpetuating, and spend much of their time advancing themselves, their careers, and ensuring their own re-election. Not a lot of them in there for the purist "good to society" agenda, and that is not a partisan anomoly... ALL politicains do it.

I just get tired of hearing how I should do more... give more... spend more.... be more compassionate.... everything's supposed to be handed to the "have-not's". To me, it stems from a lack of responsibility, and more importantly, ACCOUNTABILITY. No one is supposed to be responsible for their own actions. It's always somebody else's fault. IMO, this starts in childhood, and has become one of the biggest problems in our society in general. Life is about choices. Choices and decisions. We all make decisions that affect our lives. Some are good ones, others not so good. But they were our choices. We chose to pursue careers or not. We chose to work for a company, whether they were good or not. We chose to stay even when it was obvious they were in trouble. We chose to take out 2 car loans, fill up 3 credit cards, and take on a mortgage that's 30% of our (2 income) pay. We choose to have children, or at least chose to engage in the act. Everything we choose has consequences- some good- some bad. There is little destiny in this world, or at least in this country.

oh well.... to philosophical for this time of the morning.... time to head out to work !!!!

twwabw · Post by **twwabw** » Tue Nov 19, 2002 10:46 am

My info is old, but nys was somewhere around 2%. huh? wtf???? That's it???? Yep.

Nope.

In New York, I'll show you what was spent, in 2001. these are numbers from the NYS Office of Finance, as submitted and reported by Comptroller H. Carl McCall.

First of all, NYS spent a total of 54.7 billion of its own collected money for these services. The percentages as a total of spending do NOT include Federal dollars also collected and spent for many of the same services.

Welfare - 3.159 bil = 5.77 %
Medicaid- 7.877 bil = 14.39%

Additionally, NYS spent another 17.5 billion of Federal money on Welfare and Medicaid.

That's a pretty hefty amount, don't ya think??

Ghosthunter · Post by **Ghosthunter** » Tue Nov 19, 2002 11:11 am

Here is the problem I have with taxes.

One there should be a flat tax rate across the board.

Lets get rid of the IRS< and make things simple, it is complicated because it allows the govt to rip us off even more.

My second problem, is where is all the money going.

Not only that but we get double and tripled taxed in this country.

Here is another reason why I dont like IRS and taxes:

my company gives bonuses once a year, but did you know the government actually controls how much of a bonus you are allowed to give? The government tells the companies you are only allowed to give this percentage of profits to bonuses to your employess. So instead of me maybe getting $15k, I only get $5k.

Do you know why? Because the company does not have to pay tax on the bonus, like a normal paycheck does. So the government dont want you to give too much money away, or it wont be taxed.

Personally I dont see a difference, becuase I am getting taxed no matter what on my bonus. Out of 15k, I only bring home about 8k if I am lucky. So this hurts me, because instead of getting 15k, I only get a 5k bonus.

Yep that right the govt and IRS really cares so much about us, truth of the matter is most of those taxes, go to help power the politicians, and does not go to the people who really need them.

aagiants · Post by **aagiants** » Tue Nov 19, 2002 12:52 pm

thanx for the replies. i have only had 200$ witheld from me so far.. made about 2400$ so it aint bad, but i am just wondering and making sure i know what im payuign for

downhill · Post by **downhill** » Tue Nov 19, 2002 3:33 pm

[quote]Originally posted by twwabw
That's easy.... LBJ and the Democratic Congress in 1968.

Uh-huh...how convient...your partisanship shines like a lighthouse.

Would you mind telling the rest of the story?

Fact is...SS has been dipped into since it's inception.......

Including The LBJ years, The Ford years, The Nixon years, the Carter years, the Regan years..(almost broke it) the Bush years and even part of the Clinton years.....and is back in the red with the first part of the Bush jr. years....

I wonder how much it would be worth today, if we didn't use it to fund wars and line the pockets of business who help the various incumbents...

I'll say again....it's greed that is the bane of society.

davy19...the flat rate..mind expanding on how much everyone should pitch in to make that work? A little research might surprise you. This isn't a rant or an attack just an observation on an old idea that most have no clue as to what it would really cost.

And to the rest of some of the above.....straight out of the mouth of Rush Limbaugh...who's first wife divorced him because in her words....."He wouldn't get his fat ass off the couch!"
Accountability.....

And in closing..the remark that everyone wants more than everyone else....not true or SS would never have been conceived..

Nor would the G.I. Bill..

Someone must care or we'd be deeper into fanaticism, self-indulgence, and out and out fascism than we already are.

Thorazine · Post by **Thorazine** » Tue Nov 19, 2002 5:45 pm

"Let me ask those that believe otherwise, Since Rooselvelt..just how bad off is this country? We are the envy of the world. People are comming here in droves everyday. Our southern border is overrun everynight with people looking for a better life. Name me ANY two countries that could kick our ass in a war...ANY COMBINATION you like. Exclude nukes in the equation. " - downhill

I'd like to address that comment even though it diverges from the current topic of "I pay taxes and I hate those who live off me" conversation. (<-That isn't to imply that I'm not bent that I work hard so others can take advantage of the system)

But in a conventional war with no nukes picking any combination, I'll take China and India (these two countries combined consistute more than a 1/3 of the world's population) combined over the US in a conventional war any day. (I'm a US citizen btw) I'll even take China and India invading the US and winning. Why? Well if history has taught us anything [generally it doesn't

] then you'll know that war is a numbers game for the most part. And in this case the numbers are heavily in their favor. Let me illustrate:

According the CIA factbook

Available manpower fit for military service

China: 203 million
India: 160 million

Total: 363 mil

US: N/A 70 mil (manpower available) Curiously our number isn't in there and I'm sure there is a reason for this.

Remember, the numbers for China and India are FIT for military service not available. The available numbers are somewhat higher. Our number by contrast is how many people could possibly fight a war fit or not.

Normally the basic rule in terms of numbers for attackers vs. defenders is the ratio 3:1 (very generic)

So what does this mean? That these countries combined can could create an army larger than our total population. In a conventional war we would be swamped. Each one of our soldiers would have to kill ~5 enemy troops. All those cool planes and tanks we have would help but in the end the numbers would have it.

I'll bet Pakistan thanks their lucky stars every night for nuclear weapons. 'Cause if they didn't have them, Pakistan would be a grease spot.

We bully the mid east countries cause they have oil and they are easy to pick on. Notice you never see the US trying to bully China or India 'cause it's just plain foolish.

downhill · Post by **downhill** » Tue Nov 19, 2002 5:53 pm

So if they were to invade the USA...china would send their 100 million man army here on Junks?

(I get that 100 million from another source..)

Ok even 360 million...

Either country would have one hell of a problem with mobilization.

Agreed that they could muster one hell of a lot of men..

but it does no good without the rest of the GI Joe outfit.....The air support, the navel support..the whole bananna...

I don't think both together would stand a chance...And...I would hope we never would have to fight a war against such numbers. I was making a point about our military..

Oh yeah...nice to see you back posting again, Thorazine.

IRS · Post by **IRS** » Tue Nov 19, 2002 8:04 pm

Originally posted by davy19
Here is the problem I have with taxes.

One there should be a flat tax rate across the board.
***don't think you would like the results (would you like to pay even a % of bill gates taxes?) to many very very big business in the usa

Lets get rid of the IRS< and make things simple, it is complicated because it allows the govt to rip us off even more.
***** also a good form of checks and balances.

My second problem, is where is all the money going.
****to many places to list or even guess at for that matter.

Not only that but we get double and tripled taxed in this country.
****yes but it gos to a good cause.

Here is another reason why I don't like IRS and taxes:

my company gives bonuses once a year, but did you know the government actually controls how much of a bonus you are allowed to give? The government tells the companies you are only allowed to give this percentage of profits to bonuses to your employees. So instead of me maybe getting $15k, I only get $5k.

Do you know why? Because the company does not have to pay tax on the bonus, like a normal paycheck does. So the government don't want you to give too much money away, or it wont be taxed.
****my place of employment dose the same thing, except it's split into two checks, check #1 labeled bonuses 8000.00 ... check #2 labeled x-mas 8000.00 and I ask for neither check to be taxed so here shortly I will receive both checks tax free(but I will get very little back during tax season)

Personally I don't see a difference, because I am getting taxed no matter what on my bonus. Out of 15k, I only bring home about 8k if I am lucky. So this hurts me, because instead of getting 15k, I only get a 5k bonus.
*** see above about your taxes on your check.

Yep that right the govt and IRS really cares so much about us, truth of the matter is most of those taxes, go to help power the politicians, and does not go to the people who really need them.
****forgive me but I don't see this as true, granted my eyesight isn't all that great but ......

Ghosthunter · Post by **Ghosthunter** » Thu Nov 21, 2002 11:23 am

One there should be a flat tax rate across the board.
***don't think you would like the results (would you like to pay even a % of bill gates taxes?) to many very very big business in the usa

I dont think you understand how flat taxes work.

There is no way I would be paying what Bill Gates is paying...ool no one can pay what he pays except Bill Gates

Lets get rid of the IRS< and make things simple, it is complicated because it allows the govt to rip us off even more.
***** also a good form of checks and balances.

You kidding right? A good form of check and balance?

click_here · Post by **click_here** » Thu Nov 21, 2002 11:32 am

Originally posted by aagiants
I have 2 jobs. One at a Senior center, another at the YMCA. Both Receptionist job. One pays 8.88$ other is 8.00

Well i get taxed diffrently on both paychecks

For the YMCA i get only charged for a F.I.C.A. tax

At the senior center i am charge INCOME tax, Social Security Tax and Medicare Tax

I am geting income tax charged by mistake, and will get that back, but what are the other 3 taxes for

my wife works part time,and atleast here in california,when someone makes less than $5000 a year,they are basically tax exempt,and maybe thats the same in your state,and maybe at the senior center you make more than the minimum and at the Y you make under the minimum.

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