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Hooray, we duped the younger generation again.
Effective Jan. 1, the new Social Security rate (FICA) is 7.51 percent and salary base is $45,300-the employee contribution is $3,402.03 and employer $3,402.03. That is $6,804.06 a year.
I guess if our younger generation isn`t smart enough to figure out it`s being bilked, we`ve wasted an outrageous amount of money on education.
When will it learn that our Social Security System is a farce?
