Pamela needs to work on sentence structure and comma usage.
Anyone who thinks Social Security is a Right is too stupid to cash the check.
And her understanding of the taxes she is ranting about.
The facts is both you and your employer each pay 7.65% in FICA taxes which breaks down to 6.2% for social security (which is limited to roughly $127,000 of income) and 1.45% medicare health insurance, which is imposed on all income without limitation.
The result is a total of 15.3%.
Self-employed individuals pay 15.3% which is obviously both the employer and employee share, with certain relief in the form of deductions for 1/2 the tax paid.
“”Pamela needs to work on sentence structure and comma usage.””
She also needs to get caught up on “what’s happening” - how long ago did Simpson say this? The man hasn’t been around since the beginning of obozo’s first term if I recall and not in the Senate since the late ‘90’s...I wasn’t sure he was still alive so I had to check...he’s 85.
and knowledge.
Employer is also matching the Social Security Tax of 6.2% up to 110,100 in wages and the Medicare tax of 1.45% on all wages for a total of 15.3%