Off-Topic: Ugh...can't believe I have to do this
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Name:
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MartiniMan
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Subject:
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Ugh...can't believe I have to do this
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Date:
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7/23/2020 12:32:52 PM
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OMG! Each W-2 employee pays 6.2% for payroll taxes on every dollar they earn up to a maximum of around $137K. Each company likewise pays 6.2% on every dollar they pay to W-2 employees on every dollar up to $137K. Each self employed person pays the entire amount subject to the same limits. So for a guy that makes $200,000 per year he pays $1,550 on the first $25K in earnings. A person that makes $25,000 per year in W-2 wages likewise pays $1,550 on their first $25,000 in earnings. And the employer likewise pays $1,550 on those $25K in wages. Can this be any clearer?!?!?
Goofy, you were cheated by your educational institutions...I would demand a refund immediately. You have a very strong case....nearly bulletproof. Just show them this thread and they will give you your money back. I am sure of it.....
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