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#6
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| "Phil Marti" wrote: - quote - > Oh, you whippersnappers!
Thanks for the Viox, it's helping my carpel tunnel syndrome> Don't worry, your joints will go too. - quote - > IIRC the change was for employees hired on or after
Assume you did not convert, as many of the ol timers in my> 1/1/1984. We geezers were given a chance to convert to the > new system (FERS). office did not, they are all retired now and are quite happy. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| - quote - > > Federal employees who are covered by CSRS are not covered by
Oh, you whippersnappers! Don't worry, your joints will go> > Social Security and don't pay SS tax on their Federal > > earnings. They do pay SS on self-employment earnings or > > earnings from a second job. > Though your statement applies the majority of {OLDER} civil > servants, in time most will be covered by the FICA > I was hired in 1986, too. IIRC the change was for employees hired on or after 1/1/1984. We geezers were given a chance to convert to the new system (FERS). Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| - quote - > Federal employees who are covered by CSRS are not covered by
Though your statement applies the majority of {OLDER} civil> Social Security and don't pay SS tax on their Federal > earnings. They do pay SS on self-employment earnings or > earnings from a second job. servants, in time most will be covered by the FICA I was hired in 1986, many of us youngins are covered by FICA, I have regular SSTAX & MEDICARE tax W/H from my salary just like civilians, in addition to a special pension contribution and my TSP (federal version of a 401k plan). << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| TL wrote: - quote - > Client and wife work for the social security administration.
Ask him for chapter and verse to confirm.> Each earn approx $85,000. Their social security wages and > tax are zero (they get a pension instead). They pay > medicare. Client now has a Sch. C, of which there is income. > He claims he does not have to pay the social security tax on > it, for the above reasons. I've never heard of this. Anyone? Of course you and I know there is none. So prepare the return the right way. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| "TL" <cokeshades[at]hotmail.com> writes: - quote - > Client and wife work for the social security administration.
To borrow from a recent President, it depends on what you> Each earn approx $85,000. Their social security wages and > tax are zero (they get a pension instead). They pay > medicare. Client now has a Sch. C, of which there is income. > He claims he does not have to pay the social security tax on > it, for the above reasons. I've never heard of this. mean by "this." Federal employees who are covered by CSRS are not covered by Social Security and don't pay SS tax on their Federal earnings. They do pay SS on self-employment earnings or earnings from a second job. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| "TL" <cokeshades[at]hotmail.com> wrote: - quote - > Client and wife work for the social security administration.
If we all got together and created a retirement scheme> Each earn approx $85,000. Their social security wages and > tax are zero (they get a pension instead). They pay > medicare. Client now has a Sch. C, of which there is income. > He claims he does not have to pay the social security tax on > it, for the above reasons. I've never heard of this. Anyone? similar to Social Security, within five years we'd all be in prison for running a Ponzi scheme!! SS is such a scam that it's own employees are exempt from being fleeced by it. And then one of them thinks he's exempt from self-employment tax. Wow maybe he thinks he's also exempt from capital gains tax. Let him file his own return and then sell tickets for his audit <G << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "TL" <cokeshades[at]hotmail.com> wrote: - quote - > Client and wife work for the social security administration.
They are CSRS participants, this status DOES NOT exempt them> Each earn approx $85,000. Their social security wages and > tax are zero (they get a pension instead). They pay > medicare. Client now has a Sch. C, of which there is income. > He claims he does not have to pay the social security tax on > it, for the above reasons. I've never heard of this. Anyone? from self-employment INCOME TAXES or SE TAXES! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| Client and wife work for the social security administration. Each earn approx $85,000. Their social security wages and tax are zero (they get a pension instead). They pay medicare. Client now has a Sch. C, of which there is income. He claims he does not have to pay the social security tax on it, for the above reasons. I've never heard of this. Anyone? Thanks Todd TLPCPA[at]Hotmail.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| govt, tax, worker |
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