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| Topic: Able to work but don't? | |
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Fica is social security at 12.4% and medicare at 2.9% Disability is a part of these programs. The emplyer pays half and the employees pay half. Self employed people pay both portions. Look into going to an S~Corp shoes then the business will carry 1/2 of your tax burden. That's not true. If you go to S~Corp it everything is seperated. Your business assets and personal assets have nothing to do with each other. You are an officer instead of an owner and you take distributions and paychecks instead of draws. You wouldn't even share a bank account with your S~Corp. |
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Frankly, it p*sses me off. I have worked all my life, I was taught to work. I never drew a dime of unemployment up until about five years ago...thats a pretty good record, thirty years. Theres a guy down the road on disability....nothing wrong with him.....he can dig post holes and build chicken houses but he can't work? Yes, lets support him. 
i belive that unemployment should only be a very temp. thing and only then when there is nothing else you can do...someone had to work to make that money and if you're able you should do so too. ur right there are people on disability that are not disabled but don't judge us all by the few that are cheating the system. some of us have valid disabilities and honestly can't work. |
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Shoes it is not right for every situation but you should definately go to IRS.gov and so some research.
Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss. |
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Disability and unemployment two seperate things, disability is much more difficult to get. If some dude is to lazy to work then let evolution take its course I say, see if he is to lazy to survive also?
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funny how some just say things without
knowing what has been posted beforehand |
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Unemployment is an insurance that your employer pays. It is a percentage based on the history of the employer. Therefor the more people that file for it the more it costs the employer. In return this drives up the cost of having employees therefor leaving less money to pay out in wages to those of us who are working. It is fine to use as a tool if it is needed while finding another job after a lay off. In my opinion to many people draw it out for as long as they can. Reposting from page 2 
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funny how some just say things without knowing what has been posted beforehand 4 Pages of posts, nah that's alright. |
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funny how some just say things without knowing what has been posted beforehand 4 Pages of posts, nah that's alright. i know what ya mean there
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Fica is social security at 12.4% and medicare at 2.9% Disability is a part of these programs. The emplyer pays half and the employees pay half. Self employed people pay both portions. Look into going to an S~Corp shoes then the business will carry 1/2 of your tax burden. My business is an LLC also, for a small business it is def. the best option to protect your assests.... and your azz.... |
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Fica is social security at 12.4% and medicare at 2.9% Disability is a part of these programs. The emplyer pays half and the employees pay half. Self employed people pay both portions. Look into going to an S~Corp shoes then the business will carry 1/2 of your tax burden. That's not true. If you go to S~Corp it everything is seperated. Your business assets and personal assets have nothing to do with each other. You are an officer instead of an owner and you take distributions and paychecks instead of draws. You wouldn't even share a bank account with your S~Corp. |
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Fica is social security at 12.4% and medicare at 2.9% Disability is a part of these programs. The emplyer pays half and the employees pay half. Self employed people pay both portions. Look into going to an S~Corp shoes then the business will carry 1/2 of your tax burden. My business is an LLC also, for a small business it is def. the best option to protect your assests.... and your azz.... ya, I was before, then I went back to the real world, now I am starting another endevor.... I have a partner (kind of) this time too, so it is aggravating... to say the least. |
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Fica is social security at 12.4% and medicare at 2.9% Disability is a part of these programs. The emplyer pays half and the employees pay half. Self employed people pay both portions. Look into going to an S~Corp shoes then the business will carry 1/2 of your tax burden. My business is an LLC also, for a small business it is def. the best option to protect your assests.... and your azz.... ya, I was before, then I went back to the real world, now I am starting another endevor.... I have a partner (kind of) this time too, so it is aggravating... to say the least. Good luck to you .. I am on my own so it is all one me win lose or draw ... |
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Unemployment ..it was their money they worked for, and if they want to sit at home and draw it, that is fine by me. It hurts them in the long run..but it's their choice. Now..welfare...is the one I have a problem with..when people get it and are more able than alot of others...that one comes out of my tax paying money.
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