Thread: Taxes
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Old 06-13-2008, 05:07 PM   #1 (permalink)
labdude
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Default Taxes

Anybody here care to discuss issues and info???
I know very little about emplyee taxes and withholdings anymore.I haven't had an empolyee, since 1991.
I do remember that I had to withhold something like 13+ percent for the feds, then make an employer contribution ( they called it) of that same amount.
The after that, came my income, which again was taxed at the same rates.
If I remember correctly, you had to have to have various types of insurance as well.
Any info here I know would be helpful to those that are just getting ready to hire that first employee. Part time or otherwise.
What a pain this stuff was. I lived in California at the time. I had to collect sales tax down there, and do the paper work etc, then send the money. No compenstaion for that!! Sucks!!
Mike.
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