I'm really confused... I was under the impression that S.S. was in crisis. My employer informed me that less S.S. has been taken out since January due to the 2011 'tax holiday'. Then I began researching, and discovered that it's sort of a secret stimulus in lieu of the 'Making Work Pay Credit'. Well I'm just all kinds of confused. If anyone can dumb this down for me, I'd really appreciate the info. THX!
Here's one link, but there are many others:
Answer by vbruno at 3:07 PM on Apr. 4, 2011
Answer by LoriKeet at 4:19 PM on Apr. 4, 2011
Answer by Anonymous at 3:21 PM on Apr. 4, 2011
It will never be phased out, but means testing will soon be implemented. and yes, as a comprimise it was a secret stimulus
Answer by jewjewbee at 6:10 PM on Apr. 4, 2011
S.S IS in crisis due to all the foreigner's who collect it and NEVER paid in. And for allot of other reasons--------------
The biggest reason for the problems with SS come from Washington looting the fund at will over the years. Stop blaming it on foreigners...
Answer by PestPatti at 7:13 PM on Apr. 4, 2011
Answer by stacymomof2 at 8:44 PM on Apr. 4, 2011