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Cutting the payroll tax by 2.0% will set the stage for future cuts in [View All]

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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:29 PM
Original message
Cutting the payroll tax by 2.0% will set the stage for future cuts in
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Edited on Mon Dec-06-10 09:33 PM by WCGreen
Social Security Benifits...

Payroll tax is, in case some don't know, the way your social security and medicare accounts are funded.

Just something to ponder.

A cut on either side, employer or employee, is essentially less money going into you account.

Just mentioning this to make it clear that by specifically calling it a payroll tax instead of FICA or Medicare, they may be setting up another the system is going broke so we have to cut benefits.
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