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FICA is a payroll tax, not an income tax. You don't pay FICA on dividends, capital gains, interest, rental income, pensions, Social Security, etc. But they are
by rufus_foreman 5y ago
FICA is a payroll tax, not an income tax. You don't pay FICA on dividends, capital gains, interest, rental income, pensions, Social Security, etc. But they are subject to the federal income tax.
- TheCoelacanth 5y agoYou don't pay income tax on capital gains either. You pay capital gains tax.
- deleted 5y ago[deleted]
- rufus_foreman 5y agoCapital gains are income. What bucket do you account for them in?