***Official Political Discussion Thread***

[elpablo21]

This POS never stops

 

[Mark Antony]

Has Mitch ever fully supported anything generally positive and well received?

 

[elpablo21]

He mad at Lesley Stahl

 

[harlemtothebronx]

‘I’ll tell you right now, Patna’ took me out.

 

[IATT]

 

[elpablo21]

Kasich, Flake, Dent...

 

[IATT]

 

[blastercombo]

He mad at Lesley Stahl

Isnt this a hoax though? Lol the ****....?

 

[harlemtothebronx]

Isnt this a hoax though? Lol the ****....?

He said ‘more to come.’

 

[had pants]

 

[Mark Antony]

So the "centrist" wait for the facts guy is a full time right winger at fox now huh?

 

[getback]

Yeah I keep driving by places with heated indoor tents. WTH is the difference?

 

[Based Jesus]

STOP
TRYING
TO
APPEASE
REPUBLICANS

 

[RustyShackleford]

He is not doing it to appease Republicans politicians

He is doing to signal to swing voters he is a unity candidate. For the next go-arounds.

In the grand scheme of things, it doesn't matter much. The so-called "left" need to stop being reactionary.

Biden will probably nominate some progressive darlings to his cabinet too.

 

[Upptempo]

Literally 0 people in this video I'd take voting advice from.
Dude has an NTer in front of his yeezy wall

 

[stuntman mike]

JFK Jr to become VP! CONFIRMED!

 

[junglejim]

So I've come to find out that most people don't know how the payroll tax (FICA taxes) works which is just a 6.2% employee contribution to social security and 1.45% to medicare then the employer has to pay the same amount on the employee contributions for a total contribution of 15.3% (7.65 for the individual and 7.65% paid by the corporation). Right now individuals only have to pay into these two systems on wages up to $138K. Anything in excess of that is not subject to the FICA tax.

I just read that article on CNBC about the highest marginal individual tax rate of 62% that was posted yesterday. These dudes are including the EMPLOYER portion of the payroll tax in the highest marginal INDIVIDUAL rate. Bidens plan calls for those making over 400K to pay the 6.2% social security tax and for employers to match that payment. So that 62% even if you include payroll taxes is really 56% if you look at the individual level, but goes down to 50% if you exclude it altogether. Im not even sure where they are getting their numbers from because right now it is 50.3% (37% federal and 13.3% california state rate) and probably a little higher if you include the current FICA contributions up to 138K. None of this even includes the 39.6% tax benefit individuals would get from removing the SALT cap which would reduce the state rate from 13.3% to 8.033% for a combined rate of 47.63% before any FICA taxes.

So really we are talking with FICA taxes a top rate of 53.8% under biden versus the 50.3% rate now.

I've seen some disingenuous scare tactics before, but that has to be up there at the top of republican ****ery. What a stupid ****ing article.

 

[aepps20]

Literally 0 people in this video I'd take voting advice from.
Dude has an NTer in front of his yeezy wall

 

[RustyShackleford]

Literally 0 people in this video I'd take voting advice from.
Dude has an NTer in front of his yeezy wall

This ad seems legit

Especially the dude claiming to have voted for Kanye on his phone.

 

[dwalk31]

So I've come to find out that most people don't know how the payroll tax (FICA taxes) works which is just a 6.2% employee contribution to social security and 1.45% to medicare then the employer has to pay the same amount on the employee contributions for a total contribution of 15.3% (7.65 for the individual and 7.65% paid by the corporation). Right now individuals only have to pay into these two systems on wages up to $138K. Anything in excess of that is not subject to the FICA tax.

If you are self-employed don’t you pay both the employer and employee amount?

 

[harlemtothebronx]

JFK Jr to become VP! CONFIRMED!

The fact that I know what you’re referencing is extremely disappointing and concerning.

 

[harlemtothebronx]

The Yeezy wall did it for me.

 

[Hahahaha]

 

[junglejim]

If you are self-employed don’t you pay both the employer and employee amount?

Correct. I don't have the number of self employed individuals making over $400k but i would have to imagine its an extremely small percentage. Most of these that are "self employed" are independent contractors such as uber drivers, but either way, including the FICA rate for for one candidate and excluding the rate under the current system is unintentionally misleading at best and intentionally misleading at worst since they are currently subject to some FICA taxes up to 138K.

This is the closest thing I could find to what self employed people typically make.

Self Employed salary in United States

The average salary for a Self Employed is $54,896 per year in United States. Learn about salaries, benefits, salary satisfaction and where you could earn the most.

www.indeed.com

More than likely the people it would affect the most are employee owned physicians, partners in law firms (which im assuming is the reason you are asking), and partners in accounting firms. In that case I would imagine there would likely be some tax planning involved and switching from a LLC/LP to a C corporation if it hasn't already been done.

 

[IATT]