It's more like 40-50% when you tack on all the other garbage that gets taken out of your paycheck. I doubt I'll ever see a dime of social security that is stolen from me every pay period.
I'm my state: 30% of gas, an additional 1% of my paycheck for other people's healthcare, my city takes another 2% of everything I buy... I think my area is just behind California in effective tax rate, which is high forties.
It's more like 40-50% when you tack on all the other garbage that gets taken out of your paycheck. I doubt I'll ever see a dime of social security that is stolen from me every pay period.
And ~7% on everything you buy. And ~1% on everything you own. And ~2% because the fed decides your money is worth less.
I'm my state: 30% of gas, an additional 1% of my paycheck for other people's healthcare, my city takes another 2% of everything I buy... I think my area is just behind California in effective tax rate, which is high forties.
Yeah, no way I'm getting social security when I'm retired. That system is running out fast
It will be there. People will die without it given most retire with nothing