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New Social Security bill
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<blockquote data-quote="LarryBird" data-source="post: 3966834" data-attributes="member: 76548"><p>It was never yours. Your employer pays it out of their pocket. It's not in your check, and never was. It is a tax the employer pays, and is not considered part of your compensation. Your employer writes a check equal to what you paid and sends it in to the government. </p><p></p><p>And if you wanna be super specific, you actually pay 7.65% and they do as well. Only 6.2% of that is for social security. The other 1.45% goes to medicare.</p><p></p><p>My father owned a business growing up and I did his payroll for him as a teen/young 20s. I'm pretty well versed on this stuff.</p></blockquote><p></p>
[QUOTE="LarryBird, post: 3966834, member: 76548"] It was never yours. Your employer pays it out of their pocket. It's not in your check, and never was. It is a tax the employer pays, and is not considered part of your compensation. Your employer writes a check equal to what you paid and sends it in to the government. And if you wanna be super specific, you actually pay 7.65% and they do as well. Only 6.2% of that is for social security. The other 1.45% goes to medicare. My father owned a business growing up and I did his payroll for him as a teen/young 20s. I'm pretty well versed on this stuff. [/QUOTE]
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