I have heard how the Social Security is broke, we are taking current fica taxes to pay retires. We have passed the point where the taxes collected will cover the payments made. So in the governments effort to solve the problem, what do they do. They cut the fica tax rate from 6.2 % to 4.2 percent. That's a fine way to fix the program!! I'm generally for any tax cut figuring the government will spend every dollar they take in. With the fica tax cut they should have started a phase out of the program, starting with anyone under 55 years old. ahh, make that 52 years old, I married a younger woman.;-) MikeK
- posted
13 years ago