American View profile image 61

SS with holdings lower? IS that true?


Yes it is. For tax year 2011, Obama has lowered SS with holding from 6.2% to 4.2%. Really? I thought SS need more revenue because it is going broke. That is the savings you see, not Federal with holdings. So when you are told that you are paying the lowest Federal with holding, it is not true. You are paying less because of the SS reduction. Why is that? Because SS does not contribute to the general fund, so that way Obama can claim a tax reduction while not actually reducing taxes you pay from federal with holdings

 

sort by best latest

WhatBigJohnThinks profile image72

WhatBigJohnThinks says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

5 years ago
 |  Comment
brages07 profile image60

brages07 says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

5 years ago
 |  Comment