FICA is a scam, and if you are younger than 40 years old, you lost all of that money. ~Humble
I don't think it should either unless you are also going to include future benefits as well. This is, or should be separate from the general operating fund of the government, despite the present practice of "borrowing" from SS funds. ~meyer
Koblenz is right in raising the issue of FICA. Of course it's (SS) a scam but the subject of the thread is Which Wage Earners pay the taxes - not who receives, or may receive future benefits. Something like 75% of wage earners pay more in FICA than they do in other taxes. FICA is now. Benefits are on the other side of the ledger and another argument. What the Federal Government does with FICA, Medicare and Income Tax is irrelevant. People have this burden now.
To NOT include the mandatory FICA tax in the equation makes any discussion on Who Pays the Taxes a bogus one.
Notice, no comment about the times I was personally homeless and almost starved to death.
Ok leadpenny, how old are you? Have you ever been taught the simple concept of compunded interest?
Did anyone explain to you, that if your current FICA tax was invested, by the age of 65, you would most likely retire with $1 MILLION in the bank?
Nope, you think that the current $280 a month is GOOD MONEY!
Cool, I love it.