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To: EVO X; xzins
If you drop dead before you can collect then it is tax

It is a tax now. If you are too naive to understand that, then maybe you are on the wrong forum. FICA is a TAX.

It is a TAX on YOUR INCOME.

It is AN INCOME TAX.

It only applies to the first $108,000 of YOUR income.

The money you are putting in now is being spent now.

It is NOT A RETIREMENT ACCOUNT.

IT IS A TAX.

Is that clear enough for you?

67 posted on 01/25/2012 4:04:56 PM PST by P-Marlowe (NEWT!!! Because everyone else is just average.)
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To: P-Marlowe
It is a tax now. If you are too naive to understand that, then maybe you are on the wrong forum. FICA is a TAX.

It is a tax and there is no obligation they have to pay. If your a working stiff and happen to live long enough, you're likely to get a good chunk of FICA taxes back.

There are tax loop holes are there for the working stiff if they want to take them. I see posts on a fairly regular basis that people cashed in their 401K and took the penalty because they read some tin foil post about the government grabbing 401K's.

71 posted on 01/25/2012 6:41:01 PM PST by EVO X
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