No it's not a "good deal." Payroll taxes are what funds your social security account. Fewer dollars of your and your employer's contributions are going into YOUR account. In essence you get to get what should have been going into your Social Security "retirement" account.
Look up "Federal Insurance Contribution Act", "FICA," and "Social Security."
People need to understand what the numbers mean on their pay stubs.
You’re not very creative are you? Guess where my 2% is going to end up? That’s right, my 401K. Thanks zerobama for privatizing part of SS. Did some quy suggest that a few years ago?
No, this is good thing, because Obama’s tax CREDIT was a giveaway whether you worked or not, but this is a direct tax RATE CUT.
It’s a direct work-enhancing tax cut and a MUCH better deal than extending UI.
And the “YOUR account” is a fiction, unless and until we get individualized SocSec accounts. YOu are merely validating higher taxes with that concept. I dont WANT higher SocSec, I’d rather pay lower taxes and expect nothing in return than pay 15%+ percent for the SocSec stipend. Socialist Insecurity is a Bad deal without invidual choice and empowerment.