Medicare and Social Security take money from the young and give it to those of us that had decades to invest and save. That’s not fair
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I have been paying Social Security taxes for 41 years. 25 of those years, I was self employed. That means I paid 14% SS taxes.
I turned 65 last August, and plan on retiring at the end of this year.
My wife and I have saved and made choices in our lives to be able for me to retire. She stopped working at 55. I want some of that money they took from me all those years.
How much would I have if I could have saved an additional 14% the years I worked for my self.
I also paid half of my employees SS during that time.
The last 11 years, I have worked for a company. Less money, but no headaches or stress.
IF you were self-employed-—like I have been since 1980.....
YOU PAID 15.3% to Soc Sec/medicare 6.20 X 2 1.45 X 2