To: Will88
"The notion that an employee's pay would have automatically been 6% higher absent the employer's SS contribution is quite a stretch." Actually, people like me and Mr G, who are self employed, have been picking up the whole amount, so my income would have been 12% higher. And the amount is actually 15.6% now, for SS and medicare. 15.6% times 40 years would be quite a nice nest egg, thankyouverymuch.
43 posted on
07/08/2011 6:49:26 AM PDT by
Grammy
To: Grammy
Actually, people like me and Mr G, who are self employed, have been picking up the whole amount, so my income would have been 12% higher. That's true, but your statement is totally irrelevant to anything I said since I clearly addressed the employer and employee separate contributions.
62 posted on
07/08/2011 8:04:42 AM PDT by
Will88
To: Grammy
Actually, people like me and Mr G, who are self employed, have been picking up the whole amount, so my income would have been 12% higher. And the amount is actually 15.6% now, for SS and medicare. 15.6% times 40 years would be quite a nice nest egg, thankyouverymuch.
For a good while now, all efforts at initiative and independence have been punished and discouraged.
74 posted on
07/08/2011 9:54:27 AM PDT by
algernonpj
(He who pays the piper . . .)
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