View Single Post
Old 09-15-2011, 02:56 AM   #29 (permalink)
darcane
.........................
 
darcane's Avatar
 
Join Date: Aug 2009
Location: Buckley, WA
Posts: 1,586

Ninja 650R - '06 Kawasaki Ninja 650R
90 day: 52.02 mpg (US)

B*tch - '01 Honda Civic HX
Team Honda
90 day: 38.09 mpg (US)

Ms. Hyde - '06 Cadillac CTS V
Sports Cars
90 day: 16.93 mpg (US)
Thanks: 375
Thanked 480 Times in 311 Posts
Quote:
Originally Posted by Old Mechanic View Post
It would take a College degree in Calculus to figure out how many taxes we pay in the US.

Fed income
State income
FICA
...
Fun thing with FICA is that it's a 6.2% (well temporarily down a little now) tax that you see on your pay stub... but there is also a 6.2% tax that your employer pays as well. They don't do this out of the kindness of their heart, they are required to do so and pay you less to cover it.

So, your gross income is cut down by this tax without most people even being aware of it.
__________________
2001 Civic HX Mods


Past Cars:
CTS-V

2003 Silverado Mods
  Reply With Quote