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badtoworse

(5,957 posts)

21. You're just looking at it in terms of cash flow

Reply to former9thward (Reply #10)

Sat Feb 23, 2013, 01:32 AM

Feb 2013

My point is that the benefits you get when you retire should be based on what you paid into it when you were working. ETA: The same formula should apply to everyone. The system was designed that way and I don't see any reason to change it.

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24 replies

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Highlight:

The Unfairness and Stupidity of the Payroll Tax [View all] DonRedwood Feb 2013 OP

If you are self-employed, you will pay an extra 4%. PA Democrat Feb 2013 #1

No only 2%. The payroll tax holiday was on the employee's portion only. The employer still paid 6.2% Luminous Animal Feb 2013 #4

You WERE paying that 2% during the Bush Era. maxsolomon Feb 2013 #2

Precisely Sherman A1 Feb 2013 #9

And if you supplement your way too small income with part-time self-employment on the tblue37 Feb 2013 #3

Which makes sense, since you are your own employer. Travis_0004 Feb 2013 #6

I thought payroll taxes were to fund your own Social Security and your own Medicare badtoworse Feb 2013 #5

You thought wrong. former9thward Feb 2013 #10

The problem being...? theKed Feb 2013 #11

That is the exact opposite of what the poster said that I was replying to. former9thward Feb 2013 #13

Like school funding. Others paid for my school, I pay for the next generation, etc. SharonAnn Feb 2013 #24

You're just looking at it in terms of cash flow badtoworse Feb 2013 #21

Assuming you live a natural life span you will get far more than you paid in. former9thward Feb 2013 #22

I think you missed my point badtoworse Feb 2013 #23

Then lift the payroll cap on incomes over $110,000 brentspeak Feb 2013 #7

The Cap should b eliminated and the rate on people earning less than $110,000 annually bluestate10 Feb 2013 #14

I have no problem with the payroll tax just the way it is, the 2% was doc03 Feb 2013 #8

The Cap should not be raised, it should be eliminated. People should pay in year long. nt bluestate10 Feb 2013 #15

Oh I agree, that's what I meant eliminated not raised. n/t doc03 Feb 2013 #19

The payroll tax was dramatically increased by the gipper, both the rate and the base, an onerous indepat Feb 2013 #12

The problem isn't payroll taxes, it's inadequate incomes. hay rick Feb 2013 #16

in this case, there are multiple problems 0rganism Feb 2013 #17

I recognize that the payroll tax is regressive. hay rick Feb 2013 #18

Actually the cap is totally fair. Nye Bevan Feb 2013 #20