To: goodnesswins
What does your pay roll tax cover is it just for SS or does it include other things?
827 posted on
04/28/2005 6:10:36 PM PDT by
snugs
(An English Cheney Chick - BIG TIME - Vote Conservative 5th May 2005)
To: snugs
I think the answer is....payroll tax for SS, plus funds for indigent children, and those who lose parent(s).....also, I believe for some children's other services if they have no parent...but, ya know...I'm NOT an expert on SS...LOL
847 posted on
04/28/2005 6:14:33 PM PDT by
goodnesswins
(Our military......the world's HEROES!)
To: snugs
What does your pay roll tax cover is it just for SS or does it include other things?
=============================================================== It is suppose to be just SS. However the government spends it on what ever catches their fancy.
Tax rates here
http://www.bankrate.com/brm/itax/2004taxrates.asp
PS most people will tell you that "the employer pays half of the 15%" but they forget that the payroll tax is part of your "cost of employment"
900 posted on
04/28/2005 6:25:04 PM PDT by
Harmless Teddy Bear
(The quiet ones are the ones that change the universe. The loud ones only take the credit)
To: snugs
Your payroll tax covers the payments to beneficiaries, what's left over Congress spends on anything they damn well please. That's where it goes, anywhere and everywhere, the general fund. There is NO investment of this money.
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