The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: CalculatedRisk who wrote (53220)	2/9/2006 12:49:39 PM
From: GraceZ	Read Replies (3) of 110194

You didn't read my message very well. I don't want my money back (I got most of what I paid in back by working for SSA for quite a few years as an independent contractor), I simply want out of a poorly designed expensive solution and I would pay to get out. I could do much better insuring myself with any number of products offered on the free market, but I don't have that choice. There is no recourse for someone like me except to try to make an income outside of one that involves wages. This is an alternative many of my friends and clients have pursued by setting up closely held corporations, paying themselves a small salary and receiving most of their income via dividends they are able to by pass the majority of employment tax. I don't think one should have to resort to activities which are less than efficient in order to avoid an onerous tax. Although promises were made when SS was first introduced that participation would be voluntary, it wasn't long before it not only became mandatory but the percentage of wages attached were 12x as high.

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