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Senior Member
Can we get down to brass tacks what FICA is? It is an excise tax, plain and simple.
Where is that written from shikamaru ?
FICA is nothing more than the tax provisions of the Social Security Act, as they appear in the Internal Revenue Code.
http://ssa-custhelp.ssa.gov/app/answ...eaning-of-fica
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs. One of the major components of the excise program is motor fuel. http://www.irs.gov/Businesses/Small-...yed/Excise-Tax
Last edited by Chex; 02-12-13 at 11:48 PM.
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