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<blockquote data-quote="Vraille Darkfang" data-source="post: 2252585" data-attributes="member: 16989">Actually.....You end up paying around 15% of your pay in Social Security &amp; Medicare.&nbsp; Ask anyone who is self employed how much the government yanks out of their checks.The goverment just came up with this cool idea of saying your employer pays 7% &amp; you pay 7%.&nbsp; Common sense would tell you that what that REALLY means is that you pay 15% for SS &amp; MC, just that the government takes 7% before you ever see it.But, no.&nbsp; Your employer is just helping pay YOUR taxes for you.&nbsp; I mean, if people thought the government was yanking 15% before any REAL taxes were applied.....PS. Start saving for retirement now.&nbsp; Expect to see NOTHING from Social Security.&nbsp; If its there, bonus.&nbsp; If its not, your not screwed.&nbsp; Start now &amp; you'll be amazed how just 5 bucks a week will grow in 10 to 15 years.</blockquote>

[QUOTE="Vraille Darkfang, post: 2252585, member: 16989"] Actually..... You end up paying around 15% of your pay in Social Security & Medicare. Ask anyone who is self employed how much the government yanks out of their checks. The goverment just came up with this cool idea of saying your employer pays 7% & you pay 7%. Common sense would tell you that what that REALLY means is that you pay 15% for SS & MC, just that the government takes 7% before you ever see it. But, no. Your employer is just helping pay YOUR taxes for you. I mean, if people thought the government was yanking 15% before any REAL taxes were applied..... PS. Start saving for retirement now. Expect to see NOTHING from Social Security. If its there, bonus. If its not, your not screwed. Start now & you'll be amazed how just 5 bucks a week will grow in 10 to 15 years. [/QUOTE]

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