[rodguy911]

As an employer I am now paying 5.65% instead of 7.65% for payroll taxes. The SS/medicare part of that amount gets doubled when I actually pay the taxes,not the withholding.So for now I pay 4% less,it helps sabotage the system. But makes the regime look good since they are once again looking out for the little guy. More like watching him drown in truth.

[Fishtalk]

Thanks RG. been wondering that for quite a while.

Hmmmmmm.

So I guess, de facto, for past couple of years folks have been getting credited for less income...ie 4.2% grossed up as opposed to, well at the 6.2% rate ALL income was counted up until the max.

so people are essentially borrowing from their own retirement, grossed up and all that jazz, and getting NOTHING from the gubmint?

Or is full income still counted toward retired SS calculation?

I think I know the answer.