NYcarbineer
Diamond Member
If you pay X amount in payroll taxes, and are entitled to receive, at some point Y in benefits,
then over the long haul, on balance, X minus Y represents your net tax burden for SS and Medicare.
If, however, Y is reduced, and you continue to pay X, then on balance your net tax burden has gone up.
I'm applying a little Grover Norquist logic here, so don't beat up on him too badly, cons. He's YOUR BFF.
then over the long haul, on balance, X minus Y represents your net tax burden for SS and Medicare.
If, however, Y is reduced, and you continue to pay X, then on balance your net tax burden has gone up.
I'm applying a little Grover Norquist logic here, so don't beat up on him too badly, cons. He's YOUR BFF.