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Now that the 2 year payroll tax holiday has ended, how many of you wise investors got rich in the stock market?
01-24-2013, 08:42 PM
Post: #3
brenton s Offline
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It is Yahoo, and the bar is set very low. The payroll tax holiday helped Social Security. While you weren't paying attention, the general taxpayer paid $103 billion (2011 alone) for the 'holiday'. Since no one was penalized for not contributing, those workers did very well. It was the rest of the tax base that was mugged.

Payroll taxes are 15.3% not 7.65. They include 2.9% which is medicare, not Social Security. Owners do not 'match' your 'contribution', they lower your offered salary to reflect the taxes.

"Fix Social Security Now" on FB and at http://www.FixSSNow.Org
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Messages In This Thread
[] - Mark - 01-24-2013, 08:42 PM
[] - brenton s - 01-24-2013 08:42 PM
[] - Antie Pantie - 01-24-2013, 08:42 PM
[] - Steve Rogers - 01-24-2013, 08:42 PM
[] - Kaleb B - 01-24-2013, 08:42 PM
[] - squarecan878 - 01-24-2013, 08:42 PM

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