Do states really wire back money to the feds ?

[drray23]

I really doubt it. We are often quoting numbers showing that states like California provide more federal dollars than they get back in grants from the federal government.

The suggestion was, well if Trump (and his congress goons ) blocks aid to California , the state should just not send money back.

With the exception of a few things ( for example collecting excise taxes ) , that money going to Washington is via the IRS and is paid directly by citizens and businesses, not California.

Am I correct or do states collect the federal taxes and send them to the feds ?

[MichMan]

1. That would be correct

[iemanja]

2. No, we file federal taxes separately from state taxes

And if you owe and want to pay by check, they go to separate addresses.

[leftieNanner]

3. When someone says

That California sends more money to the government, it just means that California taxpayers (individuals and companies) pay more than the state receives in federal dollars.

[genxlib]

4. What you say is true

In fact, it is really the opposite. Some portion of that money does come back to the state to pay for things like schools and roads.

If anything, the FEDs hold all the cards as far as holding back money because they send a whole lot more than just the aid.

[MacKasey]

5. Every payroll, companies pay federal, FICA (SS) and medicare

It can be done by phone, or signing on to the federal website.

And quarterly, they file the 941 form, and the companies must show total wages that exclude non tax items (like retirement amount) and then all wages to calculate SS and Medicare. Also have to include number of employees

That quarterly report totals have to equal all the payroll amounts that you submitted if you are short the company will pay a penalty.