[Onelifetogive]

Apparently, everybody pays Social Security but nobody knows exactly how much comes out of their check. The social security rate is 6.2%, and the employer matches that. Do you REALLY think your employer is going to GIVE you his portion? Be glad he has to pay it to your account.

Do you think my employer is paying out one penny more for me than he has to? My employer is paying the absolute minimum "Total Cost of Employment" that he can. The 6.2% match is not a free gift over and above that. It, therefore, must be taken from my pay.

[Lokibob]

I would bet that unless the government mandated a 6.2% pay raise, if they decided to drop the employer match, you would not see one red cent. Hell, I wouldn’t pay it unless I had to.

Following your logic, if they drop corporate income tax, all the prices would drop 25%, right? In your dreams. The companies would put it right back into their bottom line.

Social Security needs to be reformed, I agree. However people will NOT save for retirement. I would like to see a phasing down of Social Security coupled with an expansion of a mandatory 401(K) like program with NO provision for withdrawal until retirement age. This would allow the worker to direct where his money is invested.

.....Bob