Christmas Cheer from my Employer and the Turds in DC

[cebeu]

Message from my Payroll organization "quietly" shared this morning...

Thursday, December 20, 2012

The federal government implemented the Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010 which included a provision that reduced employee’s social security tax rate by 2 percent, from 6.2 percent to 4.2 percent in 2011. This provision was then extended through the end of 2012.

Because of limited political support, it is considered unlikely that this provision will be extended into 2013 and therefore, with the expiration of this provision, the Social Security rate can be projected to return to 6.2 percent. Our payroll system has been updated to begin withholding at the 6.2 percent rate effective January 1, 2013. In the unlikely event this provision is extended, we will quickly adjust our payroll systems accordingly.

[JohnTRourke]

so, what's the problem? You don't think people should pay for their benefits? Or only others should pay?

[JM Ver. 2.0]

WOOHOO!!!!!!! I love taxes!!!!!!

[CO303]

Right, like any of us will ever see social security benefits.

[HoneyBadger]

Right, like any of us will ever see social security benefits.

^ This man speaks the truth!

Robbing Peter to pay Paul is still theft.

[JohnTRourke]

Right, like any of us will ever see social security benefits.

being of the older generation, back when I was in high school (the president had the same initials for both first and last names) they took a nationwide poll and more people of my age group believed in UFO's than that they would get social security.

I don't believe in UFO's either.

BUT
if that's the program (and it is just a tax, it's not a pension), then everyone gets to pay. Or hell we could just print money (oh, never mind)

Go blame the boomers and older than that for sucking everything up and not giving up a dime.

[sniper7]

I wish I could opt out of SS. Im 27...i'm either never going to see it because it won't exist or I will die before the benfit actually kicks in since they will probably raise the age to something like 85 by that point....

[TFOGGER]

World English Dictionary

Ponzi scheme (ˈpɒnzɪ)
— n
	a fraudulent investment operation that pays quick returns to initial contributors using money fromsubsequent contributors rather than profit
[After Charles Ponzi , who famously perpetrated such a scheme in the United States of America in theearly 20th century]

cf: Social Security

[cebeu]

so, what's the problem?

I'm opposed to any mandated increase in withholdings on a per tax payer basis to fund a failing system backed by an ever-failing US Govt fiscal policy. Further, noting the dynamic & behavior of the voting bloc in this country over past ~8 years, I'm not interested in "contributing more" to the status quo via this same system. In simple terms, let me leverage the financial opportunity, not them. Do I want 4% or 6% of my revenue in their hands? I’ll take the lesser.

You don't think people should pay for their benefits?

Never stated that but since you asked; I "think a lot" about what people should "pay for" via their required participation in the current system of taxation, particularly under this current regime. What "benefits" are you inquiring about specifically and maybe I'll give you a better response?

Or only others should pay?

Huh? This thread was intended to be Friday humor, a personal example of the impending "fiscal cliff" & Washington's dysfunction impacting one person, me. But I'll play, ask a better question.

[TFOGGER]

But I'll play, ask a better question.

How much wood would a woodchuck chuck, if a woodchuck could chuck wood?