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Politics : Politics for Pros- moderated
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To: michael97123 who wrote (116421)5/26/2005 5:10:39 PM
From: JDN  Read Replies (1) of 793743
 
Well, the monthly premium paid by recipients is in addition to the Medicare taxes they paid when working. The Fica taxes are not for your own account, ie privatization, but for the already retired recipient. So there is a difference. Plus, with total fica taxes about 14% seems to me that is WAY MORE then should be required for a decent retirement. Most of my life I saved 10%, invested it, and was able to retire at age 47. jdn
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