You are wrong. My employer (local government entity) does pay the employer portion of the FICA and send off the money every pay cycle.
#1 I don’t “assume” it, my job is working with HR and Payroll. #2 I don’t just have to rely on my job though. Every employee can see it on their pay slips because it reports BOTH the Employee and Employer FICA taxes in seperate columns for both the pay cycle taxes and the YTD taxes.
Some people just can’t seem to admit when they are wrong.
you are 100% absolutely deluded. States do NOT pay taxes. The employer portion of SS taxes is NOT paid for government employees. Working in payroll would NOT tell you whether it is or not, the ONLY thing you would see their is that the 6.2% is deducted from the employees check, not what is paid to the SS administration. You assume they pay the employer portion, they do not and working in HR would not tell you whether they do or not.
What that’s saying is that if the job is a “covered” position (because they entered into the agreement) that yes, governments do pay the Social Security tax.
you must be thinking of someone else. Just admit that you are wrong, because you are. States do not pay taxes. this includes the employer portion of FICA taxes of which they are exempt. Employees wages are taxed, the employer (state) is not.
BTW, your inane attempt to set yourself up as an SME because you see the FICA deduction from the employees wages was an epic fail. This is the result of you thinking you know something, that you don’t actually know but only assumed. Your assumption was wrong.
It’s like with the feds - under CSRS, neither the employee nor the govt paid into SS, and the employee does not collect SS based on that employment. Under FERS, the employee and the govt pay into SS, and the employee collects both a FERS annuity and SS (but the FERS annuity is about half the CSRS annuity). And the employee pays into either FERS or CSRS (different amounts).
You’re correct only to the extent that states, etc can opt out of paying into SS for their employees who have a full govt pension plan already. But those employees won’t collect SS on that uncovered employment.
and once again you are posting the old rules, not the new proposed rules under SS fairness act. You guys’ tactics are all the same, and this has already been covered.
The simple fact is this. Even in covered positions, the states portion of the FICA tax is not paid, states do not pay taxes. At best, the employees coverage for those periods is only 1/2 paid for. I know its hard to admit, but those are the facts. The employees wages are taxed, the state is not.
He thinks that because state/local governments don’t pay things like revenue, sales, property, etc. taxes that they don’t pay the employer portion of FICA.
You are confusing states not paying taxes on revenue, property, sales, etc. taxes with not paying FICA taxes.
We budget millions every year for our employers portion of FICA taxes. Those taxes are transferred electronically as part of payroll to our Federal Reserve bank for deposit with the Social Security Administration as part of reporting for individual wages.
no, you did not. What you did was read how the EMPLOYEES WAGES are taxed and assumed the state paid their portion. They do not. States do not pay taxes, they are exempt, as the link shows.