Joe Legal vs Jose Illegal

[briansd1]

Hobie, the economy (money) does not care if immigration is legal or not. To have a vibrant economy, you need people to create economic turnover.

If you think about real estate. A house can be just as well built with legal or illegal construction workers. The house itself does not care.

[SK in CV]

[quote=ucodegen]

Joe Legal wouldn’t pay the employers share of SS (which is actually 7.65% not 6.2%).

Where do you get your numbers? I got mine from social security admin. 6.2% is the employee’s haircut, 6.2% is the employers haircut. If you look on your W-2, it is box #4. See also linky, notice it says employee and employees each. OASDI is social security and medicare. The self employed show what the total rate is, which is 12.4%. Your employer takes half and the employee takes half. HI is medicare hospital insurance which brings it to 7.65% each to the employer and employee.

You didn’t take into consideration the standard deduction or personal exemptions or child tax credit on the federal, which would have greatly reduced their taxes to just over 2%.

It doesn’t reduce it that much. How many child credits were you taking for Joe Legal? Standard deductions apply to income not the tax, so they reduce the AGI.

Sales taxes would have been paid equally both both Joes.

You mean Joe and Jose. True, though Jose would probably be spending more in Mexico by sending money home.[/quote]

One at at time.

In the old days it was commonly known as FICA. That’s social security. Currently 7.65% for both employee and employer. 6.2% for OASDI and 1.45 for Medicare.

Standard deduction is $11,400. Exemption for joe, mrs. joe, and the two little joes total $14,600. bringing taxable income down to $26,000. 2 child care credits of 41,000 each brings fed tax down to $1,069.

If Jose is sending money home, that means that Joe could be saving too, and not paying sales tax.

[SK in CV]

[quote=ucodegen]

Joe Legal wouldn’t pay the employers share of SS (which is actually 7.65% not 6.2%).

Where do you get your numbers? I got mine from social security admin. 6.2% is the employee’s haircut, 6.2% is the employers haircut. If you look on your W-2, it is box #4. See also linky, notice it says employee and employees each. OASDI is social security and medicare. The self employed show what the total rate is, which is 12.4%. Your employer takes half and the employee takes half. HI is medicare hospital insurance which brings it to 7.65% each to the employer and employee.

You didn’t take into consideration the standard deduction or personal exemptions or child tax credit on the federal, which would have greatly reduced their taxes to just over 2%.

It doesn’t reduce it that much. How many child credits were you taking for Joe Legal? Standard deductions apply to income not the tax, so they reduce the AGI.

Sales taxes would have been paid equally both both Joes.

You mean Joe and Jose. True, though Jose would probably be spending more in Mexico by sending money home.[/quote]

One at at time.

In the old days it was commonly known as FICA. That’s social security. Currently 7.65% for both employee and employer. 6.2% for OASDI and 1.45 for Medicare.

Standard deduction is $11,400. Exemption for joe, mrs. joe, and the two little joes total $14,600. bringing taxable income down to $26,000. 2 child care credits of 41,000 each brings fed tax down to $1,069.

If Jose is sending money home, that means that Joe could be saving too, and not paying sales tax.

[SK in CV]

[quote=ucodegen]

Joe Legal wouldn’t pay the employers share of SS (which is actually 7.65% not 6.2%).

Where do you get your numbers? I got mine from social security admin. 6.2% is the employee’s haircut, 6.2% is the employers haircut. If you look on your W-2, it is box #4. See also linky, notice it says employee and employees each. OASDI is social security and medicare. The self employed show what the total rate is, which is 12.4%. Your employer takes half and the employee takes half. HI is medicare hospital insurance which brings it to 7.65% each to the employer and employee.

You didn’t take into consideration the standard deduction or personal exemptions or child tax credit on the federal, which would have greatly reduced their taxes to just over 2%.

It doesn’t reduce it that much. How many child credits were you taking for Joe Legal? Standard deductions apply to income not the tax, so they reduce the AGI.

Sales taxes would have been paid equally both both Joes.

You mean Joe and Jose. True, though Jose would probably be spending more in Mexico by sending money home.[/quote]

One at at time.

In the old days it was commonly known as FICA. That’s social security. Currently 7.65% for both employee and employer. 6.2% for OASDI and 1.45 for Medicare.

Standard deduction is $11,400. Exemption for joe, mrs. joe, and the two little joes total $14,600. bringing taxable income down to $26,000. 2 child care credits of 41,000 each brings fed tax down to $1,069.

If Jose is sending money home, that means that Joe could be saving too, and not paying sales tax.

[SK in CV]

[quote=ucodegen]

Joe Legal wouldn’t pay the employers share of SS (which is actually 7.65% not 6.2%).

Where do you get your numbers? I got mine from social security admin. 6.2% is the employee’s haircut, 6.2% is the employers haircut. If you look on your W-2, it is box #4. See also linky, notice it says employee and employees each. OASDI is social security and medicare. The self employed show what the total rate is, which is 12.4%. Your employer takes half and the employee takes half. HI is medicare hospital insurance which brings it to 7.65% each to the employer and employee.

You didn’t take into consideration the standard deduction or personal exemptions or child tax credit on the federal, which would have greatly reduced their taxes to just over 2%.

It doesn’t reduce it that much. How many child credits were you taking for Joe Legal? Standard deductions apply to income not the tax, so they reduce the AGI.

Sales taxes would have been paid equally both both Joes.

You mean Joe and Jose. True, though Jose would probably be spending more in Mexico by sending money home.[/quote]

One at at time.

In the old days it was commonly known as FICA. That’s social security. Currently 7.65% for both employee and employer. 6.2% for OASDI and 1.45 for Medicare.

Standard deduction is $11,400. Exemption for joe, mrs. joe, and the two little joes total $14,600. bringing taxable income down to $26,000. 2 child care credits of 41,000 each brings fed tax down to $1,069.

If Jose is sending money home, that means that Joe could be saving too, and not paying sales tax.

[SK in CV]

[quote=ucodegen]

Joe Legal wouldn’t pay the employers share of SS (which is actually 7.65% not 6.2%).

Where do you get your numbers? I got mine from social security admin. 6.2% is the employee’s haircut, 6.2% is the employers haircut. If you look on your W-2, it is box #4. See also linky, notice it says employee and employees each. OASDI is social security and medicare. The self employed show what the total rate is, which is 12.4%. Your employer takes half and the employee takes half. HI is medicare hospital insurance which brings it to 7.65% each to the employer and employee.

You didn’t take into consideration the standard deduction or personal exemptions or child tax credit on the federal, which would have greatly reduced their taxes to just over 2%.

It doesn’t reduce it that much. How many child credits were you taking for Joe Legal? Standard deductions apply to income not the tax, so they reduce the AGI.

Sales taxes would have been paid equally both both Joes.

You mean Joe and Jose. True, though Jose would probably be spending more in Mexico by sending money home.[/quote]

One at at time.

In the old days it was commonly known as FICA. That’s social security. Currently 7.65% for both employee and employer. 6.2% for OASDI and 1.45 for Medicare.

Standard deduction is $11,400. Exemption for joe, mrs. joe, and the two little joes total $14,600. bringing taxable income down to $26,000. 2 child care credits of 41,000 each brings fed tax down to $1,069.

If Jose is sending money home, that means that Joe could be saving too, and not paying sales tax.

[air_ogi]

Joe Legal can became Joe Illegal whenever he wants.

Is is not like illegal immigrants have monopoly on evading taxes.

[air_ogi]

Joe Legal can became Joe Illegal whenever he wants.

Is is not like illegal immigrants have monopoly on evading taxes.

[air_ogi]

Joe Legal can became Joe Illegal whenever he wants.

Is is not like illegal immigrants have monopoly on evading taxes.

[air_ogi]

Joe Legal can became Joe Illegal whenever he wants.

Is is not like illegal immigrants have monopoly on evading taxes.

[air_ogi]

Joe Legal can became Joe Illegal whenever he wants.

Is is not like illegal immigrants have monopoly on evading taxes.

[Daniel]

Interesting discussion :-)I don’t usually get into politics, but this thread reminds of the plight of… ummm.. shall I call him Jozef the highly skilled temporary worker? Jozef pays all the takes that Joe does (and then some, as some deductions are unavailable to him), and, if he doesn’t manage to get a green card before his visa is up, he has to leave the country. All those social security taxes he dutifully paid go down the drain. Talk about taxation without representation!

Now, I’ll be the first to admit that the Jozefs I know make very good money (hard to feel sorry for them), work for Qualcomm, Intel, Microsoft, etc, and usually end up staying as permanent residents and then citizens. But it’s never a sure thing. If the green card application is botched (and it does happen sometimes), Jozef needs to say bye-bye to all the taxes he paid.

[Daniel]

Interesting discussion :-)I don’t usually get into politics, but this thread reminds of the plight of… ummm.. shall I call him Jozef the highly skilled temporary worker? Jozef pays all the takes that Joe does (and then some, as some deductions are unavailable to him), and, if he doesn’t manage to get a green card before his visa is up, he has to leave the country. All those social security taxes he dutifully paid go down the drain. Talk about taxation without representation!

Now, I’ll be the first to admit that the Jozefs I know make very good money (hard to feel sorry for them), work for Qualcomm, Intel, Microsoft, etc, and usually end up staying as permanent residents and then citizens. But it’s never a sure thing. If the green card application is botched (and it does happen sometimes), Jozef needs to say bye-bye to all the taxes he paid.

[Daniel]

Interesting discussion :-)I don’t usually get into politics, but this thread reminds of the plight of… ummm.. shall I call him Jozef the highly skilled temporary worker? Jozef pays all the takes that Joe does (and then some, as some deductions are unavailable to him), and, if he doesn’t manage to get a green card before his visa is up, he has to leave the country. All those social security taxes he dutifully paid go down the drain. Talk about taxation without representation!

Now, I’ll be the first to admit that the Jozefs I know make very good money (hard to feel sorry for them), work for Qualcomm, Intel, Microsoft, etc, and usually end up staying as permanent residents and then citizens. But it’s never a sure thing. If the green card application is botched (and it does happen sometimes), Jozef needs to say bye-bye to all the taxes he paid.

[Daniel]

Interesting discussion :-)I don’t usually get into politics, but this thread reminds of the plight of… ummm.. shall I call him Jozef the highly skilled temporary worker? Jozef pays all the takes that Joe does (and then some, as some deductions are unavailable to him), and, if he doesn’t manage to get a green card before his visa is up, he has to leave the country. All those social security taxes he dutifully paid go down the drain. Talk about taxation without representation!

Now, I’ll be the first to admit that the Jozefs I know make very good money (hard to feel sorry for them), work for Qualcomm, Intel, Microsoft, etc, and usually end up staying as permanent residents and then citizens. But it’s never a sure thing. If the green card application is botched (and it does happen sometimes), Jozef needs to say bye-bye to all the taxes he paid.

[Author]

Posts