Azred,Obliv, 7.8%+-(for both SS & medicare)
"Hale" give me the 7.8%+- my business also has to throw in, that I'd get paid if the business didn't have to give it to the gov't, for a total of 15.6%+-. I'll invest that myself. 7.8% goes to pay Payroll taxes, your employer matches that amount, if they didn't have to match that amount they could pay you the additional 7.8%.
This is what I found funny: "Capitol Hill Democrats saying Bush administration tax cuts were to blame." I don't know what world these Capitol Hill Democrats live in, but Payroll taxes(Social Security, & Medicare taxes) were not cut in any shape form of fashion. The brainchilren(Dems & Reps both fall into this catagory) on Capitol Hill have been screaming about SS since I entered the work force in the late '70's. They will continue to scream about it and do nothing meanwhile we bendover grab our ankles and say "Please sir give me another"
[ 02-27-2004, 10:07 AM: Message edited by: John D Harris ]