I like the morons who claim the tax cut affect Social Security and Medicare.
It’s as if these fools have never even looked at their paychecks.
There are the FICA deductions.
The Federal Insurance Contributions Act (FICA) is the federal law that requires you to withhold three separate taxes from the
wages you pay your
employees. FICA is comprised of:
- a 6.2 percent Social Security tax;
- a 1.45 percent Medicare tax (the “regular” Medicare tax); and
- beginning in 2013, a 0.9 percent Medicare surtax when the employee earns over $200,000.
These were not affected by the tax cuts. Pull your heads out of your asses.