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Political Discussion
Reply to "Stop Using the term Class Warfare"
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[quote=Anonymous][quote=Anonymous]SS is not a tax, since you will ultimately get most of that money back..[/quote] I [i]may[/i] be getting a [i]very small[/i] portion of that money back, and nothing like what the money would have been if I had been able to invest it in a very safe bond. And remember, you pay 7.5% SS tax on the income for which you pay the tax, which of course is not all, and the employer pays another 7.5%. Economists differ on whether employees would get the full employer-paid 7.5% if SS tax were removed but all agree the employee would get some of it. So the tax is more than 7.5% but probably less that a full 15%. [/quote]
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