Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- abbreviation Federal Insurance Contributions Act
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- proper noun government, tax Acronym of
Federal Insurance Contributions Act .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a tax on employees and employers that is used to fund the Social Security system
Etymologies
Sorry, no etymologies found.
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Examples
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There are two reasons for that, number one similar to what we've seen in all prior years, Q1 you have all the annual resets of all the employer taxes and of course we have a bigger employee base today than we've had before so we're going to feel the impact of that in Q1, what we refer to as the FICA rates and Medicare, less Medicare but more FICA.
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There are two reasons for that, number one similar to what we've seen in all prior years, Q1 you have all the annual resets of all the employer taxes and of course we have a bigger employee base today than we've had before so we're going to feel the impact of that in Q1, what we refer to as the FICA rates and Medicare, less Medicare but more FICA.
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(Right now, no FICA is paid on individual income above $90,000.) 2.
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Since FICA is paid upfront over the course of the year, a poor 1040 filer would get back a check for the amount of a refundable tax credit.
Matthew Yglesias » Obama SOTU Plan Includes Non-Refundable Child Tax Credit Expansion 2010
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FICA is not a tax; it is a forced loan to the government.
Retirement Policy 2009
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(Right now, no FICA is paid on individual income above $90,000.) 2.
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Since FICA is paid upfront over the course of the year, a poor 1040 filer would get back a check for the amount of a refundable tax credit.
Matthew Yglesias » Obama SOTU Plan Includes Non-Refundable Child Tax Credit Expansion 2010
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FICA is a federal tax, and virtually all working people pay it.
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The only alternative to general Tax increases to pay the General Revenue Budget remains a rise in FICA taxes, or aggregation of further Federal debt.
Social Security Debate, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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(Right now, no FICA is paid on individual income above $90,000.) 2.
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