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To: EQAndyBuzz

Why is the payroll tax being included in the social security tax

Because the payroll tax (otherwise known as the FICA) tax IS the Social Security tax. It’s the payroll tax - 7.5 percent taken out of every dollar you earn and an equal amount paid by your employer - that funds Social Security and Medicare.

See: https://www.investopedia.com/terms/f/fica.asp

Maybe you’re confusing the payroll tax with the income tax, something that not all workers pay and that isn’t earmarked for social security


33 posted on 08/26/2020 12:52:12 PM PDT by rintintin
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To: rintintin

I think many people are quite confused.

Yes, the President said, and I saw it, that he wants to eliminate it, which is saying he wants to eliminate Social Security.

Not a good idea.


37 posted on 08/26/2020 12:56:38 PM PDT by RedStateRocker (Nuke Mecca. Deport all illegals. Abolish the DEA, IRS and ATF,.)
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