[Home]History of Taxation in the United States/Talk

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Revision 3 . . August 31, 2001 9:18 am by Ray G. Van De Walker [Answered query on soc. sec. taxes]
Revision 2 . . August 28, 2001 9:18 am by (logged).83.107.xxx
Revision 1 . . August 27, 2001 6:40 pm by Simon J Kissane
  

Difference (from prior major revision) (no other diffs)

Added: 29a30,37


They were the last month when I paid them... At one point Social Security was 7.6%,
I seem to recall, but it was deducted up to a smaller maximum salary. Don't
forget the hidden part of the tax: The same amount of tax is -also- paid by the employer,
so you're losing a net of 12.4%.
You're being silently screwed by that, because the employer could use that for your
salary/wages- it's part of the same human-resources budget item.
R.G. Van De Walker

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