Howard Brazee wrote:
It's a tax. The nature of taxes is that we may or may not good value from the tax. It is designed to get money to old or infirmed from current taxes.
FICA looks like a tax and smells like a tax. But, technically is not a tax. If you look carefully, it's a pre-tax deduction. And, when you receive a payment in retirement, it's taxable. Not unlike 401(k) contributions and redemptions.
-- Edward E Jaffe Phoenix Software International, Inc 5200 W Century Blvd, Suite 800 Los Angeles, CA 90045 310-338-0400 x318 [EMAIL PROTECTED] http://www.phoenixsoftware.com/ ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
