so pissed right now...

[n8thegr8]

When you retire Social Security will give you a print out of every dollar you and your employer paid into the system. Your monthly check will be determined by that amount. When I retired I was paying 7.5% and the company was paying 7.5% for a total of 15% on my print out. In my retirement money the company held out their part of the15% money they had paid. So that reduced the amount of $ I got for retirement.
Every year you paid 4.2% means you paid in less money and that is less money the government will pay you on your Social Security check each month.
I’m from the government and I’m here to help.

I am under no delusion that the ponzi scheme will last another 30 years, so that's pretty much irrelevant. I'd rather have the money to invest myself so that my kids get it when I die, instead of the government.

 

[DanB]

I'll be getting calls on Friday about this. I'm processing payroll this afternoon.

 

[DA 20]

I am under no delusion that the ponzi scheme will last another 30 years, so that's pretty much irrelevant. I'd rather have the money to invest myself so that my kids get it when I die, instead of the government.

I agree. My wife is a stay at home mom. I put 5% of my pay in savings each month and we didn’t take a vacation for 6 years putting that money into savings. When I retired we invested the money and her stock is paying more than she gets from my Social Security. Plus the kids get the stock when she passes on.

 

[green_machine2]

I was just pissed my dr. co-pays went up a little bit. haven't saw a check from this year yet. lol

 

[Lurkerinthewoods]

Figured I would be hit for about 21.00 bucks a week. I guess that's 21.00 that won't be spent in the local economy. To be honest, I kinda forgot about the temporary tax cut during the past 2 years and only remembered when my employer had a notice posted today as a reminder.

 

[dennishoddy]

I guess sarcasm doesn't translate on a forum.........

I caught it and was returning the same.

 

[71buickfreak]

I'll be getting calls on Friday about this. I'm processing payroll this afternoon.

If you put a note in there with the check explaining it, you might get 1-2 less calls.

 

[n423]

I still remember my son got his first check years ago and said WTH is FICA??

 

[forindooruseonly]

I am under no delusion that the ponzi scheme will last another 30 years, so that's pretty much irrelevant. I'd rather have the money to invest myself so that my kids get it when I die, instead of the government.

Your kids get it? Yeah right. Check estate taxes and figure up just how much gets passed on to your kids after the IRS takes their cut. It ain't much.

 

[tharper]

My biweekly premiums went up, my copays went up, and I'm getting taxed more. Winner?