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FICA and Medicare Taxes Paid
There is nowhere in Turbotax that lists the FICA and Medicare Taxes withheld as part of your total tax payments. I can only assume this is a trick played on taxpayers, suggested by the IRS, to minimize the public's realization of how much tax they are actually paying. This is unconscionable on the part of Turbo Tax! The Tax Summary page should show TOTAL taxes paid, including FICA and Medicare!
March 20, 2019
10:01 AM
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Get your taxes done using TurboTax
This only includes income taxes. FICA and Medicare are not really income taxes. You also pay sales tax, property tax, etc. Should these also be included?
March 20, 2019
1:50 PM
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Get your taxes done using TurboTax
Hi ZTaxPro,
That is a silly comparison. FICA and Medicare are taken from me in direct proportion to the income I have made, as payment for a federally mandated income tax.
All I am saying, since these taxes are related to my income, and come from my W2, and removed by the IRS from my net payroll, they should be related to me in an honest income tax program. Might take a whole line in
programming to accomplish, but for some reason they do not include it. What might that reason be, if not for de emphasizing the total amount of income tax we pay?
That is a silly comparison. FICA and Medicare are taken from me in direct proportion to the income I have made, as payment for a federally mandated income tax.
All I am saying, since these taxes are related to my income, and come from my W2, and removed by the IRS from my net payroll, they should be related to me in an honest income tax program. Might take a whole line in
programming to accomplish, but for some reason they do not include it. What might that reason be, if not for de emphasizing the total amount of income tax we pay?
March 20, 2019
2:15 PM