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Old 10-12-2011, 09:00 PM
Skippy Skippy is offline
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Join Date: Dec 2005
Location: Carson City, NV
Posts: 3,869
Reminder: All workers pay Social Security tax of 4.2% on income up to $106,800 (temporarily reduced from 6.2%) plus Medicare tax of 1.45% of earned income for a total of 5.65%. In addition the employer also pays 6.2% for Social Security and 1.45% for Medicare on the wages paid to employees. Just because you don't pay federal income tax doesn't mean you don't pay any federal taxes on your income.
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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar.

83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 401,xxx miles
08 Suzuki GSX-R600 M4 Slip-on 26,xxx miles
88 Jaguar XJS V12 94,xxx miles. Work in progress.
99 Mazda Miata 183,xxx miles.
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