[quote=bearishgurl]AN, an “employee” (such as yourself) pays 5.65% (in Jan 2011 thru Feb 2012) or 7.65% of your GROSS pay towards FICA.[/quote]
Thanks for pointing that out. A mistake in numbers in my part. Still wouldn’t change my answer though. With SS projected to be insolvent by 2017: http://www.cbsnews.com/stories/2011/08/22/politics/main20095431.shtml, I’m not counting on any SS $. That’s only 6 years after the first boomer start to retire. So, let me reiterate, hell yes I’d glad give up SS if I can stop paying taxes for it and get my SS taxes that I paid back.
