NY Times Story on Pilot Population Decline

Maxwell wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Larry Dighera wrote:

I am not taxed for Social Security. I contribute into it.
If it is required by the government it is a tax. If anyone gets more out
of it than they put into it is a income redistribution welfare program.

When taken together about 15% of every dime I have earned in my 30 years
in the labor pool has been paid into SS & Medicare. If I had been allowed
to keep that money and invest it in even a conservative investment I could
retire right now, finish my airplane and never be in anyway a cost to
society. The Social Security Administration is a terrible investment
manager and Medicare is a mediocre health insurance policy at best.

And don't loose sight of the fact that your employer has to double it.
Everything deducted by your employer has to be matched by him. So when you
make your estimates of where you would be with a private investment, double
it.




Well I did take that into account when I quoted the 15% figure. 7.65% x2

"601XL Builder" wrDOTgiacona@suddenlinkDOTnet wrote in message
...

Well I did take that into account when I quoted the 15% figure. 7.65% x2

Correct, and I should have said so. As an employer, I just resent the fact
that people are being charged double for SS and Med, and most don't realize
it.

It keeps them from realizing that their contribution to SS and Medicare is
actually greater than their Federal payroll tax deduction in many, if not
most cases.