Re: Don't you just love America?

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Article #8624

#8624

From: The Real Bev
Date: Wed, 21 Aug 2002 22:07

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Tiny Human Ferret wrote:
> 
> The Real Bev wrote:
> >
> > Tiny Human Ferret wrote:
> > >
> > > Matthew Russotto wrote:
> > > >
> > > > In article <3D61BC8D.9E8DCE17@earthops.net>,
> > > > Tiny Human Ferret  <ixnayamspay_klaatu@earthops.net> wrote:
> > > > >
> > > > >I have recurrently heard stories that illegal aliens regularly submit
> > > > >exemption requests for the legal limit of exemptable children, 7 dependents.
> > > >
> > > > Doesn't affect Social Security taxes.
> > >
> > > Cites?
> >
> > Look at the FICA item on your paycheck stub.  No matter how many exemptions
> > you claim, it stays the same.  You can reduce it by contributing to your
> > 401K or possibly your medical insurance deduction (depends on how the
> > employer set it up).
> 
> Fascinating. Well, of course, having no dependents, I wouldn't know this,
> I'd have had to add dependents to see it, I guess.

Do you normally get refunds back?  Add a dependent (actually, it's called an
exemption;  you can add them for reasons other than dependents) just for the
hell of it.  If you panic you can go back to whatever you normally do.  The
only limit on how often you change your exemptions is the organizational
time lag and the annoyance of the HR droid who has to deal with the forms.

> Of course, considering that it's for the individual retirement, this makes a
> lot of sense.

That stuff reduces your effective income, but now that I think of it I think
that some deductions are calculated on your real income, not the
reduced-by-whatever income your income tax is calculated on.  Been a
while...

-- 
Cheers,
Bev   
_|-_|-_|-_|-_|-_|-_|-_|-_|-_|-_|-_|-_
Too many freaks, not enough circuses.

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From: The Real Bev <bashley@myrealbox.com>
Newsgroups: misc.consumers,ok.general,ca.general,dc.general,nj.general,houston.general
Subject: Re: Don't you just love America?
Date: Wed, 21 Aug 2002 15:07:27 -0700
Organization: The Vast Right-Wing Conspiracy
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