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In reply to the discussion: I teach school for 40 grand a year before taxes. [View all]demtenjeep
(31,997 posts)8. at the end of the day, I know I have made a very positive impact. Here is a post I received from a
former student:
Truth is you were seriously one of the best teachers I've ever had, you made things fun and always helped us try to learn & understand better. Truth is you were more then just a teacher, you cared for us and were concerned. You always gave your advice & tried to help. Truth is I miss you. Truth is you're the only teacher that I have ever had that I still go to for advice and to talk to.
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at the end of the day, I know I have made a very positive impact. Here is a post I received from a
demtenjeep
Jan 2012
#8
And yet they won't be happy until they bust our unions and take even more.
Starry Messenger
Jan 2012
#13
Not if he's put himself in a 'S' corporation. They're exempt from the 2.9% Medicare
sinkingfeeling
Jan 2012
#51
Yes, without having the exact return in front of us it is hard to know the exact figure.
former9thward
Jan 2012
#55
He'd only pay SS on the first $106,000. The speaking fees were a small fraction of his income,
bornskeptic
Jan 2012
#59
Starting in 2013, high income households will pay 3.8% to medicare, on investment income
lacrew
Jan 2012
#27
Sorry my rate is twenty-five percent - still almost twice that of Mittens nt
arely staircase
Jan 2012
#22
You seem to keep speaking of marginal rate, while this whole discussion is about effective rate ...
oldhippie
Jan 2012
#36
You simply are defing IRS tax tables. But keep paying that 25% if you wish.
former9thward
Jan 2012
#37
Either comparison is valid - and as the SS and Medicare are paid in one case and not the other,
karynnj
Jan 2012
#67
The federal tax rate on $40K is not 30%. Mine is less than that and I make more than you do.
Honeycombe8
Jan 2012
#42
If you look at your Social Security taxes, + compare them to Rmoney's, you'll be even more outraged.
AnotherMcIntosh
Jan 2012
#57