It’s a long read and might put ya to sleep. Best read right before bedtime. 😉
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Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take, but as for me, give me liberty, or give me death!
Patrick Henry
Nice work putting this thought-provoking information together. One little thing to think about, when the “Bad Idea” guys say:
Social Security is funded by a flat tax of 12.4 percent of each worker’s wage income, up to $90,000 in 2005, split evenly between employers and employees.
Well, no. You are paying both ends. The total cost of your position to your organization includes wages, taxes and benefits. That number, set by market forces, collective bargaining and other factors could all go to YOU, at least theoretically. You are paying all of the “deductions” whether they appear to be from you or your employer.
You’re right NV , except in my line of work, the client pays my benefits. And seeing as how I’m not a “Union Man”, we don’t have collective bargaining either, unless you consider the give and take of negotiations between us and the client when bidding the job. 😉
Thanks for your response, Mike