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Default Wrap your mind round this'un

BAR wrote:


Your babysitting daughter is in the 37% tax bracket?


Independent contractor. She would be obligated to pay all of the SS and
Medicare. That is 18 percent right off the top. Then the Fed gets their
cut and the state will want their cut too.


I'll just bet your babysitting kid is not paying federal taxes on her
babysitting money.

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Default Wrap your mind round this'un

On 25/04/2011 9:12 AM, Harryk wrote:
BAR wrote:


Your babysitting daughter is in the 37% tax bracket?


Independent contractor. She would be obligated to pay all of the SS and
Medicare. That is 18 percent right off the top. Then the Fed gets their
cut and the state will want their cut too.


I'll just bet your babysitting kid is not paying federal taxes on her
babysitting money.


Why? You think she should contribute to your welfare? Begging?

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.
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Default Wrap your mind round this'un



"Harryk" wrote in message ...

BAR wrote:


Your babysitting daughter is in the 37% tax bracket?


Independent contractor. She would be obligated to pay all of the SS and
Medicare. That is 18 percent right off the top. Then the Fed gets their
cut and the state will want their cut too.


I'll just bet your babysitting kid is not paying federal taxes on her
babysitting money.

**************

Bertie 'deducts and remits it'. wink wink!
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Default Wrap your mind round this'un

True North wrote:


"Harryk" wrote in message ...
BAR wrote:


Your babysitting daughter is in the 37% tax bracket?


Independent contractor. She would be obligated to pay all of the SS and
Medicare. That is 18 percent right off the top. Then the Fed gets their
cut and the state will want their cut too.


I'll just bet your babysitting kid is not paying federal taxes on her
babysitting money.

**************

Bertie 'deducts and remits it'. wink wink!


As it turns out, he says his kid didn't earn enough to bother filing
taxes, so what Bertie raised was a canard.
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