[Trteamer]

Will someone with the knowledge please do a spreadsheet on this matter.....

First of all, it’s an average of $1000/year taken out of my Social Security. What’s that going to cost me in my retirement income?? Compounded and all that...
(Assuming Social Security is even around...)

Secondly, now I have to pay income taxes on the $1000 they are taking from my paycheck. How much am I really getting?

Let’s put this into perspective in dollars and cents as to what the real cost of all this nonsense is.
Please, I know there are Freepers that can put these figures together. The press and politicians can’t seem to figure this out....
Thanks,

[rabscuttle385]

First of all, it’s an average of $1000/year taken out of my Social Security. What’s that going to cost me in my retirement income?? Compounded and all that... (Assuming Social Security is even around...)

I'll take the money now rather than later.

Secondly, now I have to pay income taxes on the $1000 they are taking from my paycheck. How much am I really getting?

You have to pay taxes on it either way.