Quote:
Originally Posted by Probono
Old farts have been paying into medicare for ever and ever so I guess we are entitled to payback. Almost 18% of my earnings get taken off the top for social Security and Medicare. That is before income tax. People never think about that theft from paychecks when they discuss how low income taxes are in the US of A.
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Actually Medicare didn't start until the 1960's.
No it's not 18%. It's 7.65% 6.25% for SS and 1.4% for Medicare. Back when these old fuckers were working that % was MUCH lower. The average current SS recipient has gotten back that he has paid into the system within 3 years or less.