Thread: the fiscal clif
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Old 01.05.2013, 10:13 AM   #49
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@ suchfriends et. al.-- no, no, no000...

bytor's pay cut comes from FICA -- "federal insurance contributions tax". in other words, SOCIAL SECURITY.

it's not for any of the things you list.

http://www.jdsupra.com/legalnews/fic...2-and-s-19767/

please read and understand....

also, bytor revised his change in paycheck so that $80 figure doesn't count. he's estimating it's gonna be $50-- regardless, it's easy to calculate-- 2% of gross pay. for SOCIAL SECURITY. nothing else.

now, some people consider social security to be nothing but an accounting gimmick, but still, this "end-of-tax-holiday" is NOT for roads, not for schools, not for safe air travel, not for defense, etc.... it's for SOCIAL SECURITY. not the general concept of "security" in "society", but specifically "old age, survivor, and disability insurance" of the federal government.

IT GOES HERE!!

alright, i hope that clarifies.
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