The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60825
Likes: 57456


It's already 12.4%. The second 6.2% is coming from the same pool of money


as salaries come from, it's just the share that's considered above salary like Healthcare, 401K matching, vacation pay, UE taxes, etc to compute labor cost for an employee.

Tweaking ideas are good, but that's the real discussion that should be had. Imagine putting away 12.4% (up to the cap if applicable) into a 401K your entire working life and walking away with such a paltry payout.

Now the 2.9% for Medicare doesn't even come close, and that only gets worse when you go to a single payer system and Medicare is no longer subsidized by higher paying private insurance customers.

(In response to this post by Stimp)

Posted: 03/12/2024 at 11:43PM



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