Quote:
Originally Posted by biker1
The SS cap is actually at $176,100, not $110K. The SS tax is actually 6.2% to the employee and 6.2% to the employer, plus Medicare is 1.45% to the employee and 1.45% to the employer (no cap on Medicare). If you are self-employed it is 15.3% total as you pay it all. The Social Security Trust Fund is over $2T and that will be totally consumed (funding the deficit) in the next 8 years. Zuckerberg doesn't have several trillion dollars. The rest of the stuff in your post, whatever ...
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By they way, I didn't say Zuck could pay for SS himself. I said he could pay the $100 billion total
DEFICIT that is expected over the next hundred years.
Look it up.