Daily Topics - Wednesday June 7th, 2017

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Coming up today on The Thom Hartmann Program - Your Home for the Resistance:

- Could Trump Tweets Lead to War in the Middle East

- Why is Trump Selling Off DC's AqueDuct? Is DC's Water About to be Privatized?

- Richard A. Clarke, Warnings: Finding Cassandras to Stop Catastrophes/Good Harbor Security Risk Management/served 3 consecutive U.S. Presidents as Special Assistant to the President-Global Affairs, Special Advisor to the President-Cyberspace & National Coordinator-Security & Counter-terrorism

- U.K. Elections Tomorrow: Corbyn & May in Virtual Tie - Victoria Jones, Talk Media News

- Karen Handel: 'I Do Not Support A Livable Wage' - Libertarian Charles Sauer, The Market Institute

...LIVE from Washington, DC starting at 12pm Eastern...

Comments

geek 64's picture
geek 64 8 years 44 weeks ago
#1

Re your caller today (6/6) saying wages were 80% deductible, the following is from Chapter 5 of IRS pub 535....

Example.

You pay your employee $18,000 a year. However, after you withhold various taxes, your employee receives $14,500. You also pay an additional $1,500 in employment taxes. You should deduct the full $18,000 as wages. You can deduct the $1,500 you pay from your own funds as taxes.

The link to this page is

https://www.irs.gov/publications/p535/ch05.html#d0e3397

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