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To: Issaquahking
Take a look at your paycheck if you work for someone else...

15.4% to social security till $97,500

6.2% for unemployment insurance

I hope that's not from "the book". Either way, it fits my tag line to a T
150 posted on 12/24/2007 9:30:10 AM PST by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
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To: lewislynn
It's what you pay now. A year ago SS was dead at $87,500 but they keep bumping it up to hose your paycheck. You pay 6.2% on the first 7,000 on each employee for the UI. That's not in the book, it's the taxes you have to hold out as a small contractor. Plus the fed, plus the state, per th IRS.

I don't need a book to tell me I, and anyone who works for me is getting hosed at about 40%. The book just reconfirmed how much we are getting hosed, and examines a possible solution.
163 posted on 12/24/2007 9:42:21 AM PST by Issaquahking (N.H. FNC Debate "What did you do for America today?" Duncan Hunter for President!)
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