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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (14558)	10/31/2003 12:06:00 AM
From: KLP	Respond to of 793756

If you are a consultant, of course, you are your own small business, as well as your own employee. As such you pay both shares of the SS tax, less a bit ...isn't yours 15.2% A business pays 7.65% for SS, and so does the employee pay 7.65%. The amount is way out of line, IMO, and was started in the mid 80's. I know...I owned my small business for 20 years, had 10 employees for many years and wrote the checks... You will have to speak to the Democrats of the House and Senate who had the majority for over 40 years prior to 1994.... They are the ones who passed this amount. The idea was to safeguard the fund for the future retirees. But, true to form, the tax-and-spend Democrats, didn't safeguard the fund at all. They continued spending. BTW.......most of here on SI that are older than 40 have been taxed for SS from day ONE of our working career. The real problem is, if you read a previous post of mine with the history of SS, is that only 34% of the amount spent each year is spent on the retirees.......(Who BTW, worked most of their lives as well, and put money into the fund...except city workers and Government workers until a relative few years ago). The other 66% paid each year recently from SS, goes to immigrants and refugees, etc. Remember, buying votes? As a small business owner, and a Recruiter for Corporations, I know all too well how much it costs to hire employees. If the number of employment and jobs created rate is to go up, the Senate and House MUST stop the hardship for Corporations by taxing so heavily, or otherwise, we will have fewer and fewer high paying jobs. Look what has happened to the aviation industry, and thus all the primes, and subs...just as a for instance!