[Drewman626]

I'd say I agree.

The majority of Payroll Taxes is FICA. Your tax-rate is determined at the end of the year... and shored-up with your tax rebate check.

What you could do is claim more dependants. Go to your HR person and tell them that you want to change your number of Dependants.

Always claim yourself as 1. Claim Head-of-Household.. that's another 1. And there should be a MISC entry too (in most states) where you can enter up to 1. This will reduce your FICA, but it will also reduce your tax rebate check at the end of the year. It's up to you.

[Karsus]

Or we could just get rid of SS and let everyone invest the money in an IRA...

[RooRoobird14]

It should also be added that "payroll tax holiday" is a DimWit code word. What they don't want their geezer constituents to figure out is that they're proposing social security payroll witholdings be dropped temporarily, i.e, less $$$ will be going into the SS "trust fund."

And this is from the same @ssholes who LOVE to scare the geezers by claiming optional partially (2%) privatized SS accounts will " "fundamentally destroy the financial soundness" of the SS trust fund!!!

The hypocrisy of these DNC Clymers on social security needs to be pointed out at every opportunity!!!

[AmusedBystander]

This will reduce your FICA.

None of your suggestions will reduce your FICA, as this is social security and is taxed based on earnings. You are right in that a person should lower their withheld income taxes as much as possible and invest this money instead of leaving it for the IRS for a year.