Friday, February 12, 2010


Ted has some interesting comments on the previous blog. I substantially agree with him. Of course, I never said that payroll taxes are the best way to finance Social Security; I just objected to the money being "borrowed", probably permanently.

Also, I am behind the times: the Social Security payroll tax cuts off at $106,800. I knew these figures better during the brief time I did our taxes. However, after several consecutive years in which I made numerical mistakes in favor of the I.R.S., my wife forced me out as accountant -- now I do all the vacuuming instead. Things have gotten better financially since then...

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