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FICA explained: What to know about Social Security, Medicare tax rates | JUST CURIOUS

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FICA explained: What to know about Social Security, Medicare tax rates | JUST CURIOUS

FICA, the Federal Insurance Contributions Act, is the federal payroll tax. Here's what taxpayers need to know. #Taxes #Finance #economics

2K viewsJan 26, 2024

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More money, more problems 🫤 In 2016, Jerry Seinfeld sold a 1958 Porsche 356 A 1500 GS/GT Carrera Speedster for $1.54 million at a Gooding & Company auction. The buyer, Fica Frio Ltd., subsequently sued Seinfeld, alleging the vehicle was fake. The lawsuit claimed the car was not one of the rare factory-made GS/GT models but rather a standard Porsche modified to resemble the limited edition. Seinfeld, a prominent Porsche collector, maintained he had purchased the vehicle believing it was genuine.

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