Welcome to our new beta design! Click here to go back to the old Newschoolers.
Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!
there is social security tax. its called FICA on your paycheck. everyone pays it and the govt and IRS is more strict about it than Fed witholding tax.
and regarding the OP. Social Security should be eliminated. its an outdated system that can no longer support its original purpose. at some point maybe the fed should consider creating a system that pays back to people over the age of 65 and a half but now is not the time. and SS should not be privatized. do you want the banks that just received billions in TARP money to be handling the nations SS for the next 50 - 100 years? another alternative would be a requirement for all workers to contribute to some sort of retirement. but thats another discussion.