guess what....

[Joshua Zeidner]

 not only that, they routinely borrow against Social Security to fund
other things. -jmz

On Sun, Aug 2, 2009 at 6:55 PM, Daniel Stasinski<mooooooo at avenues.org> wrote:
>> Social Security IS NOT funded by tax dollars.
>
> Avoiding the rest of the argument because nobody is going to change
> sides, I'll just clarify that Social Security is indeed funded by tax
> dollars.  Look on your pay stub, it's listed as FICA (Federal
> Insurance Contributions Act) tax.   It's around 15% of your paycheck.
> You pay 1/2 and your employer pays the other half.   Well, actually
> you pay all of it because the employers half is just reduced from your
> base pay anyway.
>
> What makes it interesting is that when they started it, they promised
> that this tax would never go above 1% and anyone who suggested
> otherwise was called a liar and fear-monger.
>
> Daniel
>
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