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Politics : Social Security on the chopping block -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (12)6/13/2005 11:38:25 AM
From: 10K a day  Respond to of 35
 
>The correct answer is to put our government on a strict money diet, and hold our elected representatives directly accountable for their actions and spending while serving in their representative capacities

I think we should just BEAT THEM WITH A BANANA PEEL.



To: Don Earl who wrote (12)6/13/2005 4:24:19 PM
From: Nicholas Thompson  Read Replies (1) | Respond to of 35
 
Good point Don; so why should someone making $2,000,000 a year pay just over 3% of their income on combined SS and medicare payments=including the employer payments= and someone making $90,000 a year pay 15.3% of imputed salary? Answer me that?



To: Don Earl who wrote (12)6/14/2005 7:08:24 AM
From: tonto  Read Replies (1) | Respond to of 35
 
Huh? Absurd comment.

The common misconception is the employer pays any part of your Social Security taxes. Your employer's overhead directly affects what your employer is able to pay you. If your gross income is currently $30,000 per year, your employer is paying $2,250 in FICA taxes that would otherwise be included in your pay check and you are paying another $2,250, for a total of $4,500.


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