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Political Discussion
Reply to "Let Lower Income "Pay Their Fair Share"!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Something no one seems to talk about in this discussion is what a rip off social security is for the middle class. If instead of having to pay nearly 7% in FICA taxes, I could add that to a 401k and just buy the S&P index, I guarantee you that we'd all be able to retire a lot earlier. But noooooooo, nanny government needs to give us a crappy rate of return to subsidize the bad decision-making of less prudent people who have less impulse control not to spend it right now. That's what really pisses me off.[/quote] Well if you're self-employed you have to pay nearly 15% in FICA taxes as well as contribute to a SEP IRA. Stop your belly aching or man up and start your own business.[/quote] You're missing the point. I agree it's even MORE unfair to the self employed person. Fact is, Social Security is just a way to screw over people who exercise self control and save prudently. [/quote]
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