alooparata Posted February 5, 2018 Report Posted February 5, 2018 The funds collected from employees for Social Security are not put into a trust for the individual employee currently paying into the system, but rather are used to pay existing retirees. As of 2017, the Social Security tax rate is 12.4%. Half of the tax is paid by the employer, and the employee is responsible for paying the other half, that is 6.2%. Quote
TechAdvice Posted February 5, 2018 Report Posted February 5, 2018 1 hour ago, alooparata said: The funds collected from employees for Social Security are not put into a trust for the individual employee currently paying into the system, but rather are used to pay existing retirees. As of 2017, the Social Security tax rate is 12.4%. Half of the tax is paid by the employer, and the employee is responsible for paying the other half, that is 6.2%. And retirees hate us Quote
Ustad Posted February 5, 2018 Report Posted February 5, 2018 1 hour ago, alooparata said: The funds collected from employees for Social Security are not put into a trust for the individual employee currently paying into the system, but rather are used to pay existing retirees. As of 2017, the Social Security tax rate is 12.4%. Half of the tax is paid by the employer, and the employee is responsible for paying the other half, that is 6.2%. Ok Quote
alooparata Posted February 9, 2018 Author Report Posted February 9, 2018 On 2/4/2018 at 6:22 PM, Ustad said: Ok its NOT ok, have you ever paid taxes here ? then your inner senses should have triggered your inner writings of your post not look like what it is on the page. Just want to ring your mind. Quote
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