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Old 09-15-2011, 02:56 AM   #29 (permalink)
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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
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:

2003 Silverado Mods
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