This is the new "RICH" the send it to china and we dont want to pay for anything for anyone..im entitled rich just cuz im rich...other lesser humans exist only to make me richer and are disposable...pffffffffffffffft
You can rant all you want that the rich are "Stealing" from society. I think most of us see what the real issue is
Silly rants!?!?!?!?!? FICA is indeed a tax. That is simple reality. To deny that reality would indeed be the definition of the word SILLY.
You have been educated on this before. Perhaps you have forgotten?
http://en.wikipedia.org/wiki/FICASocial Security's Old-Age, Survivors, and Disability Insurance (OASDI) program and Medicare's Hospital Insurance (HI) program are financed primarily by employment taxes. Tax rates are set by law (see sections 1401, 3101, and 3111 of the Internal Revenue Code) and apply to earnings up to a maximum amount for OASDI.
The rates shown reflect the amounts received by the trust funds. In certain years, the effective rate paid by employees, employers, and/or self-employed workers was less than the rate received by the trust funds, with the difference covered by general revenue. See the footnotes for details.
Federal Insurance Contributions Act (FICA) tax ( /ˈfaɪkə/) is a United States payroll (or employment) tax imposed by the federal government on both employees and employers to fund Social Security and Medicare —federal programs that provide benefits for retirees, the disabled, and children of deceased workers. Social Security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's working career is associated indirectly with the social security benefits annuity that one receives as a retiree.
Last edited by haymarket; 05-22-12 at 07:19 AM.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers