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To: GVTucker who wrote (103370)5/12/2000 12:24:00 PM
From: TimF  Read Replies (1) | Respond to of 186894
 
As long as the existing social security taxes aren't messed with and the 2% number is entirely voluntary, I wouldn't have a problem
with that at all.


My understanding is that the existing social security taxes would be messed with only to the extent that the 2% of income (not 2% of the tax amount) comes out of the amount that goes to the "trust fund". In other words, if you and your employer now spend x% of your income for social security taxes, x-2% would go to the social security fund after this proposal and 2% could optionally be used by you for investment (if you want you opt not to do this the 2% goes to the fund with the rest of the money).

Tim