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The Bob Cesca Podcast: Moscow Mitch

144
lawhawk7/31/2019 6:15:05 am PDT

re: #136 Anymouse 🌹🎃

Medicare and Social Security are not technically free stuff. They are paid for via taxes employees contribute to via payroll deductions - 6.2% per paycheck.

Everyone pays payroll tax into those programs - OASDI (Social Security), The Medicare/Medicaid payroll tax (FICA) is 2.9%, split 50/50 between the employer/employee share.