not only that, they routinely borrow against Social Security to fund other things. -jmz
On Sun, Aug 2, 2009 at 6:55 PM, Daniel Stasinski<moooo...@avenues.org> wrote: >> Social Security IS NOT funded by tax dollars. > > Avoiding the rest of the argument because nobody is going to change > sides, I'll just clarify that Social Security is indeed funded by tax > dollars. Look on your pay stub, it's listed as FICA (Federal > Insurance Contributions Act) tax. It's around 15% of your paycheck. > You pay 1/2 and your employer pays the other half. Well, actually > you pay all of it because the employers half is just reduced from your > base pay anyway. > > What makes it interesting is that when they started it, they promised > that this tax would never go above 1% and anyone who suggested > otherwise was called a liar and fear-monger. > > Daniel > > | --------------------------------------------------------------- > | Daniel P. Stasinski | http://www.saidsimple.com > | moooo...@avenues.org | http://www.disabilities-r-us.com > | XMMP: moooo...@avenues.org | http://www.avenues.org > | Google Talk: mooooooo | http://www.scriptkitties.com > --------------------------------------------------- > PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us > To subscribe, unsubscribe, or to change your mail settings: > http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss > --------------------------------------------------- PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us To subscribe, unsubscribe, or to change your mail settings: http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss