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And comments about whether your contributions are deductible or not maybe don't give fair consideration to the macroeconomics of the situation. Gov't needs $xxxx coming in so they take it. Doesn't really matter what convoluted method is used to get that money (income tax, estate tax, SS, fees, confiscations) the fact is it is taken. Big picture is we are all going to be paying in the same gross amount no matter what form we pay it in on and unless we fix SPENDING it is not going to get better.
And Hugh is right about total cost to the employer. HOWEVER, IMO most employers would keep their 7.65% portion if SS was abolished and NOT pass it on.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
Last edited by berettafan; 02-07-2008 at 06:16 AM..
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