View Poll Results: 2026 Profit Sharing Guess
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Profit Sharing 26 Rumors and Guesses
02-17-2026 | 10:41 AM
#242
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Joined: Jul 2023
Posts: 662
Likes: 195
Failed to mention my brother there in your attack. He's an tradesman, HVAC. No college degree. Worked his way up, then formed his own HVAC company. He's a multi-millionaire now too. This is an amazing country we live in and we have opportunities here few have in any other place.
I’m genuinely happy for all those bootstraps captains. I just don’t care to hear about it.
02-17-2026 | 10:43 AM
#244
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Joined: Jul 2023
Posts: 662
Likes: 195
We are all very aware of how it works (despite your “R’s” political attack) and that there is no “lockbox” encrypted offshore account in your name. That doesn’t absolve the foundational social contract that all who’ve paid into it are rightfully entitled to. If you want to outright steal it for wealth redistribution, make sure you run on that specifically. Outside of that, it’s ours and we are entitled to it as well. We paid way, way more than our “fair share”. I’d have to live well beyond a Guinness record age to even come close to simply taking out non inflation adjusted dollars. I, and all here, will have paid many multiplies more than we will receive. We already gave to “fix” it despite being “rich”.
But I believe the social contract also includes the SS safety net. It’s not perfect. But it’s better than nothing. It’s also a lot worse than many democratic modern countries have.
02-17-2026 | 11:25 AM
#246
Gets Weekends Off
Joined: Sep 2013
Posts: 6,536
Likes: 281
From: Sitting SC at the Five Towns
02-17-2026 | 12:14 PM
#247
Line Holder
Joined: Mar 2023
Posts: 219
Likes: 42
Ummm...no? Schedule 3, line 11, which carries over to 1040 line 31. That's a refundable credit, not an itemized deduction. Which means you get it back in the form of either a reduction in your taxes or even a refund if the math works out that way.
Also, why are you including your employer's contribution in your math? Unless you're self-employed (which many pilots with side hustles are), that's somebody else's problem.
Now that's straight SS, not medicare, which has no cap and you'd fall into the additional 0.9% bracket. But that's a different thing.
Also, why are you including your employer's contribution in your math? Unless you're self-employed (which many pilots with side hustles are), that's somebody else's problem.
Now that's straight SS, not medicare, which has no cap and you'd fall into the additional 0.9% bracket. But that's a different thing.
https://www.greenbushfinancial.com/a...%9CNo%E2%80%9D.
"The Employer Does Not Get A Refund
FICA tax is paid by both the employee and the employer:
Employee Social Security: 6.2%
Employer Social Security: 6.2%
Employee Medicare: 1.45%
Employer Medicare: 1.45%
Total FICA EE & ER: 15.3%
So if the employee works for 2 different companies, they have combined wages over the $176,100 taxable wage base, making them eligible for a FICA refund for the 6.2% of social security tax on wages paid over the wage base, does the EMPLOYER also get a refund for those excess FICA withholdings?
The answer, unfortunately, is “No”.
If an employee works for 10 different companies and makes $100,000 in W2 wages with each company, each of those 10 employers would withhold the full FICA tax from that employee’s $100,000 in W2 wages, but since the employee had $1,000,000 in combined wages, they would be due a $51,081.80 refund in FICA wages ($1M - $176,100 x 6.2%). However, the government keeps that full 6.2% that was paid in by each of the 10 employers with no refund due to any of the companies."
The government gets to keep an additional 6.2% of my labor just because I happened to do labor for more than one employer. My labor generated that money. It's mine, and it's BS the government keeps it.
02-17-2026 | 12:27 PM
#248
Gets Weekends Off
Joined: Jan 2023
Posts: 3,372
Likes: 812
Why? Because it runs contra to the narrative you've digested over the years?
02-17-2026 | 12:49 PM
#249
Gets Weekends Off
Joined: Apr 2007
Posts: 5,526
Likes: 479
Complaining about lot rent for a mobile home is a legitimate concern that would fall on deaf ears to an unhoused person.
Complaining about the food at a houseless shelter would fall on deaf ears in Guatemala.
This goes back to the definition of "Who's rich"?. A: Anyone above your economic level. If the problem is above your income/wealth level, it's a rich person's problem not worthy of your concern. The captain struggling to find a Porsche mechanic probably doesn't care about the cost of a Ferrari clutch replacement.
Is it safe to drop you in the Miata / Corvette crowd or do you feel guilty for being born into the Porsche class?
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