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In reply to the discussion: The payroll "tax" is not really a tax... [View all]bhikkhu
(10,712 posts)30. It really did make a difference for me
as at the time we were struggling to keep up on the bills, and the budget was literally +or- $15 or so every month for awhile. That's keeping the heat way down low, not watering the lawn, eating plain oatmeal for breakfast and plain rice for dinner sometimes...anyway, the extra $80 a month or so was like sudden relief - very nice.
In our case, I kept up on all the bills well so we have finally qualified for a home refinance, which will be the last step in getting some real breathing space in the budget. With which to catch up on dental work and so forth...
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The media and pols do a disservice by not explaining this. They want to make it sound like Obama
kelliekat44
Jan 2013
#1
If you want SS to provide a decent standard of living you need to advocate to increase the tax.
dkf
Jan 2013
#2
but you don't know that each and every worker in the 1930s were doing this, do you?
CTyankee
Jan 2013
#29
Small Business Owners and Freelancers have been paying 13% to 15%, and we have to pay more?
AZ Progressive
Jan 2013
#44
To me the FICA tax makes the idea of Social Security as a persons contribution...
WCGreen
Jan 2013
#10
You say, "We can all quibble ..." No. We can't. I'm not quibbling with you.
AnotherMcIntosh
Jan 2013
#15
It's only looked at as a tax because it is tied to the amount you earn and is a mandatory
WCGreen
Jan 2013
#18
The irony is that most people did not even notice they got the "tax cut" but....
kentuck
Jan 2013
#12
Payroll taxes, imo, are taxes subject to income taxes if, and when, politicians are willing
indepat
Jan 2013
#21
Everything you said is true and accurate and I'm surprised there aren't more recs.
Poll_Blind
Jan 2013
#22
You realize FICA tax rate has been raised a few times before right? It hasn't
SWTORFanatic
Jan 2013
#32