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To: thehumanlynx

Most any low wage earner (say, 10K single, 20K with wife and a kid or two). The Reagan/Bush tax cuts really sdid benefit the low-inomce the most, as it took most of those people completely off the rolls. But you pay social security on nickel #1, at the full rate (and, the dems have just started noticing (only when GOP in power) that the worker really pays both his share and the employer’s, so social scurity takes about 15% of first 90K, not just 7.5%


269 posted on 01/21/2008 6:03:14 PM PST by BohDaThone
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To: BohDaThone

I beg your pardon sonny, I do the pay roll and the employee pays half of the payroll tax the company pays the other half. Check your numbers. Now if you’re self employed and enter into the SS system, THEN you are accountable for the FULL 15% of your payment into SS and MC. It’s garbage like that that really bugs me.


444 posted on 01/21/2008 6:33:59 PM PST by tillacum
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