Hello ThatOwlWoman,
Originally Posted by
ThatOwlWoman
Employees have 7.65% deducted for SS and Medicare each paycheck. Their employers pay another 7.65% into the system for each employee. This tells us right off why the Repukes are so interested in abolishing the plans. Employers would LOVE it, and pocket all that extra cash.
The whiners who are currently working and feeling resentful about those deductions might stop to consider how much less money they would be taking home if they had to pay the entire 15.3% themselves, in addition to whatever 401(k) or IRA plan they have.
That is a very good point; one rarely heard, yet extremely in favor of keeping SS. No wonder greedy corporations, particularly those with a lot of low paid workers, would like to see SS scrapped. Reduce labor cost by 7.65%? Oh, yeah, they want that.
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