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I doubt it, but hey welcome to the club. Like 1/4 of everything I make goes to social security.

But just because I’ve been contributing my whole life doesn’t mean we should double down of a failing program.



> Like 1/4 of everything I make goes to social security.

If you want to be taken seriously, don't make false claims. It weakens your other arguments. Social Security is 6.2% (12.4% if self-employed since the employer takes care of half) on the first $176,100 of your net income (which for the median US taxpayer is on all their income). Medicare is 1.45% (2.9% if self-employed, same as Social Security).

So if you are self-employed, you pay at most 15.3% of your income below $176,100 in combined Social Security and Medicare. That's a lot, but it's not 25%. If you are not self-employed, you're paying 7.65% on income below $176,100 to both Social Security and Medicare which is very far from 25%.

If you're earning over $176,100 your effective Social Security tax rate will drop.


I agree, that was a striking claim to make. Perhaps the person you responded to puts a lot into their 401k thinking it is social security or thinks income tax is FICA?


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15% is pretty far removed from 25%. I'll happily take the 10% you're willing to pay in to keep your estimate accurate!




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