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alberg

(412 posts)
Tue Jan 8, 2013, 12:06 PM Jan 2013

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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The problem is the phrase "payroll tax". (Original Post) alberg Jan 2013 OP
We used to call it 'payroll deduction' because, like employee sponsored insurance, sinkingfeeling Jan 2013 #1
I remember that. So I wonder exactly when the frame changed. alberg Jan 2013 #2
Good question leftstreet Jan 2013 #3

sinkingfeeling

(51,444 posts)
1. We used to call it 'payroll deduction' because, like employee sponsored insurance,
Tue Jan 8, 2013, 12:09 PM
Jan 2013

it was deducted for our own benefit.

alberg

(412 posts)
2. I remember that. So I wonder exactly when the frame changed.
Tue Jan 8, 2013, 12:25 PM
Jan 2013

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

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