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Financial Planning / Social Security Reform


Subject:  Re: Dead topic Date:  3/24/2010  10:20 PM
Author:  Donna405 Number:  5227 of 5269

I believe I have stated this previously. Although I draw SS, I am also the sole shareholder of an S Corp. As such, I draw a small salary (I have cut the hours I work until at least December, 2010.) Therefore, I (through my corp) pay FICA and Medicare taxes, and they are also deducted from my payroll check. I do not mind paying higher taxes for either of these entitlements.

The problem with our country is the fact that no one wants to pay extra taxes, but yet want all the entitlements which are funded solely through taxes.

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