Quote:
Originally Posted by d-ray657
Once again, you cite statistics that do not take into account the extremely regressive tax that all working people pay - social security and medicare. If the folks in DC are going to count that as part of the federal budget, then by golly, we need to count it as part of the tax burden for working people.
Regards,
D-Ray
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Not to make light of Whell's argument, but you do have a point.
Whenever you figure FICA and matching funds you're looking at app 18% right off of the top. And that's a tax.
If it were truly a retirement fund, you could pass it along to your heirs.
Whenever the politicians make a bunch of noise about the withholding tax, it's all smoke and mirrors for the rubes.
They're gonna get it from you...one way or another.
Chas