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"This is a confidential document, last offer the president -- the White House made last year to Speaker Boehner to try to reach this $4 trillion grand bargain. And it's long and it's tedious and it's got budget jargon in it. But what it shows is a willingness to cut all kinds of things, like TRICARE, which is the sacred health insurance program for the military, for military retirees; to cut Social Security; to cut Medicare. And there are some lines in there about, "We want to get tax rates down, not only for individuals but for businesses." So Obama and the White House were willing to go quite far."
Millions of workers will see their take-home pay rise during 2011 because the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid. This reduced Social Security withholding will have no effect on the employee’s future Social Security benefits.
Originally posted by kyred
reply to post by MystikMushroom
Nothing is free for military members. It's paid for in dedication, hard work, long hours, years of not being home nor with their families.
Originally posted by artnut
AAAnnnddd, when you retire, it really is not free, either.
Originally posted by NOTurTypical
Originally posted by artnut
AAAnnnddd, when you retire, it really is not free, either.
This is true, retirees still pay taxes.
Originally posted by artnut
Originally posted by NOTurTypical
Originally posted by artnut
AAAnnnddd, when you retire, it really is not free, either.
This is true, retirees still pay taxes.
We also pay for the healthcare, it is not free.