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.
To: Iceclimber58
Employees don’t see the money like folks that pay quarterly.
Absolutely! There are a lot of 'hidden' takings that people don't think about - and that's the way the Federal government wants it. Basic income tax withholding is the worst, by far, but arbitrarily labelling half of the Social Security money sent in the by the employer as 'employee cost' and the other half that came out of the same potential compensation pot as the 'employer cost' is one of them.
39 posted on
04/15/2024 3:38:19 PM PDT by
Phlyer
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