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- Jul 16, 2009
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Social Security disability on verge of insolvency -- GazetteXtra
I think letting the payroll tax (Social Security Tax) on workers rise is a good idea or maybe we can move the retirement age to 80 (Sarcasm about the age).
"At issue is a tax that the vast majority of workers pay, but many don't recognize because they don't read, or don't understand their pay stubs. Workers normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker.
As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1."
National and World -- GazetteXtra
I think letting the payroll tax (Social Security Tax) on workers rise is a good idea or maybe we can move the retirement age to 80 (Sarcasm about the age).
"At issue is a tax that the vast majority of workers pay, but many don't recognize because they don't read, or don't understand their pay stubs. Workers normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker.
As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1."
National and World -- GazetteXtra
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