SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wharf Rat who wrote (92615)10/30/2008 11:08:45 PM
From: TimF  Read Replies (1) of 541625
 
About my last 2 years contributions to my 401 K.

Well maybe you had much lower taxes.

Now payroll taxes are 15.3% (the employer's share is paid in as a tax so it counts, and also it serves to depress your wages or salary). So each year I "contribute" about as much as do to my 401K (and I put a much higher percentage in to my 401K than many).

Well that isn't all for SS, and some of the SS funds are for disability insurance. But just considering the retirement fund payments its 10.6%.

I'd take 10.6% of what I earn from 18-67 and all the returns on that money (returns from the past if I had it to save and invest and returns for two and a half or three more decades) over my future social security payment any day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News