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Message
re: Nikki Haley Says It’s Time to Raise the Retirement Age to Reflect on Life Expectancy
Posted on 11/16/23 at 5:30 pm to La Place Mike
Posted on 11/16/23 at 5:30 pm to La Place Mike
quote:
Social Security is an Annuity so it does fall under the Insurance umbrella.
Semantics. I'm talking about programs one voluntarily participates in vs. those that are compulsory. FICA withdrawals are a TAX, regardless of the "I" in the name. They are collected by the IRS and wage earners, with a few exceptions, can't opt out.
This post was edited on 11/16/23 at 5:31 pm
1
Posted on 11/16/23 at 7:24 pm to Burt Orangello
quote:
Semantics. I'm talking about programs one voluntarily participates in vs. those that are compulsory. FICA withdrawals are a TAX, regardless of the "I" in the name. They are collected by the IRS and wage earners, with a few exceptions, can't opt out.
It's not semantics. It is an annuity. Just because you have to participate in it does not change that fact.
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