The Market Ticker - Oh Unholy Mother Of Satan
There’s simply no other way to express this….
Again, the total “social insurance and retirement” tax grab is $274 billion. Social Security is a 12.3% tax (up to the cap) and Medicare is 2.9% (no cap.) The split is this roughly-speaking ~19% Medicare, the rest (81%) Social Security.
If you want to get down into the detailed numbers they don’t…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=235062
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