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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (390966)6/14/2008 5:21:48 PM
From: Brumar89  Respond to of 1574386
 
The people who get killed are the self-employed, who pay both shares (employee/employer) at a rate of 15.3% (including Medicare). It applies to the first $1,000 of net income.

If this went into private accounts, ordinary people could build up sizeable retirement accounts - accounts that could be passed on to heirs. The return on "contributions" to SS for the average person is lousy. Public employees have a system like this - so do many corporate employers.


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