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woody

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Posts: 9,034
Reply with quote  #31 
Fresh, you have never run a C Corporation before, have you? You have know idea what you are interjecting yourself into. Have you ever filed a 941 report biweekly? Read an IRS bulletin, and get back to me on what "biweekly" 941 payments mean.
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Rats flee from the sinking vessel. They traverse nimbly upon a rope, safely cleated to the dock, that is private enterprise. Socialism is dead, and tits up in the water. A bloated, death show, for rubberneckers of all classes to view.

"IT'S GOOD TO BE DA KING"
woody

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Posts: 9,034
Reply with quote  #32 
Then tell me what happens when you don't pay a 941 within a day of it's due date. You are ignorant of what you speak. Get an education, or STFU. Small and large corporations and their owners run this nation, not some employee with an attitude. Get a firm grasp on reality, then tell me who selects the candidate you vote for. 
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Rats flee from the sinking vessel. They traverse nimbly upon a rope, safely cleated to the dock, that is private enterprise. Socialism is dead, and tits up in the water. A bloated, death show, for rubberneckers of all classes to view.

"IT'S GOOD TO BE DA KING"
uwApoligist

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Posts: 7,545
Reply with quote  #33 
Quote:
Originally Posted by PDad

HC is a benefit for that specific employee while FICA taxes, which includes Medicare, support beneficiaries in general - the money is not put in a separate acct for each taxpayer. Lower income people receive more FICA benefits than they contributed towards and higher income people receive less than what they could have gotten for what they contributed.

While there is an employer mandate, there are numerous exemptions from it. Workers that don't get HC through their employer have to procure it on their own - usually/often with after-tax income. Fewer exemptions from paying FICA.

HC might be a benefit for you.

To me HC feels more and more like a tax.  Mass amounts of money forcibly removed from me by my employer.  Which is then forcibly removed from him by a 'system'.  A
'system' which is more interested in pissing that money away on every possible agenda except the one it was originally built.  Lower income people ride around in Ambulance cause it is cheaper for them.  A product which is basically so expensive you normal people can't use it. 



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Who gives a F if the japs are listening to her blathering about women's issues?  
mikec

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Posts: 8,299
Reply with quote  #34 
That chart was silly.  Did Mr. $40k/.yr contribute to his HC, or did employer pay all?  $10k bonus/profit sharing for $40k salary?  Not in any real world I've ever been in.

When I worked for the The Man, he would show my insurance as a benefit.  In fact, even now, I pay income tax on it (well, actually the company gives me the tax, so the company pays that).

Now, it's simple.  If there's not money left after paying all the expenses and other people's salaries, I don't get paid.  Makes the math easier.
woody

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Posts: 9,034
Reply with quote  #35 
What BS. People that don't own and run a company, and actually have the knowledge of what it takes to hand over employees income to the IRS should STFU, or perhaps start their own company. Let me know when you have decided to take the leap from being an employee, to being an employer.
__________________
Rats flee from the sinking vessel. They traverse nimbly upon a rope, safely cleated to the dock, that is private enterprise. Socialism is dead, and tits up in the water. A bloated, death show, for rubberneckers of all classes to view.

"IT'S GOOD TO BE DA KING"
Fresh

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Posts: 2,636
Reply with quote  #36 
Opened my first business in 1978. Self employed ever since. Ups and downs, but can't complain about my life. Currently a one man band and have my own ideas about running a successful business and what that means. If you don't pass all your costs on to the consumer in a timely manner........not my fault.
PDad

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Posts: 4,062
Reply with quote  #37 
Quote:
Originally Posted by uwApoligist
HC might be a benefit for you.

To me HC feels more and more like a tax.  Mass amounts of money forcibly removed from me by my employer.  ... 

Not about me, you or your 'feelings'. HC was only listed on the employer side of the table, so it was 100% paid by employer in the case we're discussing.
PDad

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Posts: 4,062
Reply with quote  #38 
Quote:
Originally Posted by mikec
That chart was silly.  Did Mr. $40k/.yr contribute to his HC, or did employer pay all?  $10k bonus/profit sharing for $40k salary?  Not in any real world I've ever been in.

The example was for son employed by author.

He also jacked up the Fed withholding by having 0 exemptions.
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