It is unbelievable the responses I have received on this thread.
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.
And besides, I was talking about Lonsberry’s complaint as to how SS screwed up his life, not about social security its self.
.....Bob
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.