Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TLittlefella

Federal tax withholding - no (but lowered to reflect 9% rate)
SS and Medicare - yes (that is what offsets much of the bite for sales tax, for lower income earners).


2 posted on 10/18/2011 1:39:08 PM PDT by Tandem (What ever happened to personal responsibility & self-reliance?)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Tandem
SS and Medicare - yes (that is what offsets much of the bite for sales tax, for lower income earners).

So does SS just officially become a welfare program rather than, in theory, being its own separate retirement account?

Also, why does Cain assume if he eliminated the employer paid contribution to Social Security that this money would go to employees in the form of salary/benefits? Some might, over time perhaps most will since it is part of corporate payroll budgets - but there is no guarantee of that at all. Unless pressed to do so, many employers would just treat that as a tax cut and be in no hurry to add that amount to employee salary/benefits.

12 posted on 10/18/2011 1:56:47 PM PDT by Longbow1969
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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