Sign up, and you can make all message times appear in your timezone. Sign up
Apr 17, 2014
8:41:34pm
I would bet $570 that it is not federal income tax he is being asked to pay
at all. I would guess it is "self employment tax" which is the exact same thing as Social Security and Medicaid garbage. If you are a contractor, you are the same thing as self employed. Therefore you do not have a boss that pays half of your social security garbage for you and then withholds the other half out of the paycheck. Since your neighbor was paid the full amount, he now owes both portions of the social security garbage - or in other words, he is paying for his "retirement", but I highly doubt he is paying any federal taxes.

Just wait until he makes more, then he can pay the 15% self employment tax in addition to paying real federal income taxes. Let me tell you, it's a joy.
delbert
Bio page
delbert
Joined
Sep 29, 2007
Last login
Mar 27, 2024
Total posts
1,249 (0 FO)
Messages
Author
Time

Posting on CougarBoard

In order to post, you will need to either sign up or log in.