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Originally Posted by Botnst
...Concerning social security (and medicare), I deeply resent the charade of not including their cost in my total tax receipts. To me, they're a tax....
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They are definitely a tax. Your employer should be showing them on your pay stub along with the other things deducted from your pay.
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Let's say I guarantee your retirement if you'll pay me a monthly portion of your income. So you pay me and I take that money and buy a ne kitchen appliance and write an IOU which I stick in a safety deposit box on which I have to pay monthly rent. That's social security.
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That's pretty close, except one plan is backed by Botnst and has no track record, the other is backed by the United States of America and has a track record of preventing untold numbers of Americans from falling into poverty for about 75 years or so. No offense, but I think I will go with the current plan.