Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Omnivore-Dan
I had to pay all of the Social Security, twice as much as a company employee.

This is one of the big lies of the Federal Government. The employee always pays *all* of Social Security.

Consider the situation where the employer puts on a table all the money he has to compensate the employee for the value the employee has added to the company. He pulls back one dollar out of every eight and puts that in a separate pile.

One half of that pile is sent it to the Federal Government labeled "Employee contribution to Social Security" and the other half of that pile is sent in to the Federal Government labeled "Employer contribution to employee's Social Security." But it was all potentially available for compensation to the employee and none of it ever went to the employee.


20 posted on 04/15/2024 4:26:53 AM PDT by Phlyer
[ Post Reply | Private Reply | To 8 | View Replies ]


To: Phlyer

Employees don’t see the money like folks that pay quarterly.
Most only see net pay, or my favorite term “Bring Home”.
I retired early last December. They will tax me every time I touch my SEP, IRA, and SS.
I will no longer spend my days working to feed the Beast.


27 posted on 04/15/2024 5:38:27 AM PDT by Iceclimber58
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson