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Tue Jan 8, 2013, 11:06 AM

The problem is the phrase "payroll tax".

It's not a "tax", it's an investment.

It's a contribution to an insurance policy that will be available to you in retirement.

Do you call the money that you contribute to a 401k "tax".

No.

So let's call it what it is: a contribution to our Social Security that we will all, hopefuly, benefit from in our later years.

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Reply The problem is the phrase "payroll tax". (Original post)
alberg Jan 2013 OP
sinkingfeeling Jan 2013 #1
alberg Jan 2013 #2
leftstreet Jan 2013 #3

Response to alberg (Original post)

Tue Jan 8, 2013, 11:09 AM

1. We used to call it 'payroll deduction' because, like employee sponsored insurance,

it was deducted for our own benefit.

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Response to sinkingfeeling (Reply #1)

Tue Jan 8, 2013, 11:25 AM

2. I remember that. So I wonder exactly when the frame changed.

When did the word "tax" start to be so consistently tied to Social Security contributions?

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Response to alberg (Reply #2)

Tue Jan 8, 2013, 11:45 AM

3. Good question

I don't know

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