To: Edison
I don't think it works that way...ex: lets say a person works 30 years with an average salary of 40K @ today's 6+% SS tax...
Whoops! You're off by a factor of 2. The tax is 13%. Whether or not your employer hides from your stub is economically irrelevant.
43 posted on
02/26/2004 9:29:44 PM PST by
Atlas Sneezed
(Your Friendly Freeper Patent Attorney)
To: Beelzebubba
My part of FICA is 7.65% of my salary (of which, I believe, 1.65% goes for Medicare and the other for Social Security).
My employer has to pony up and match another 7.65%.
49 posted on
02/26/2004 9:37:11 PM PST by
Choose Ye This Day
(I've got a fever...and the only prescription is MORE COWBELL! --rock legend, Bruce Dickinson)
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