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Fact Checking

If you are going to repeat it, please fact check anything you see on here.

One statistic I throw out from time to time is the 12.4 payroll tax. This is actually 6.2% Social Security plus 6.2% Medicare/Medicaid, as I understand the matter, which further reduces to 3.1% paid by the employee and 3.1% by the employer who, if he or she did not pass the money along to the employee, would surely use it to expand the company, or buy something nice like a yacht that would employ yacht builders and yacht salesmen. It would find its way back into the economy, and far more effectively than by being given to a bureaucrat, who deducted his salary, then put some small portion back into circulation via his friends and bribers.

Social Security and Medicare are supposedly our money given back to us. Medicaid is pure charity.

To this is added, I think, Unemployment insurance. It varies state to state.