FICA deductions always exceeded my fed income tax deduction. When ss was first levied, it was known as the widows and orphans tax and cost 2% of the first $3000 you earned. My grandmother died giving birth to her 8th child. My grandfather collected a benefit for each child until that child turned 18. A tidy sum to expand his ranch. And he had only paid $3 into the system.
My husband and I paid huge sums into the system for a combined 105 years. And medicare? It would have been over $800 a month for 2 of us and we would, of course, have to buy additional coverage since Medicare is such poor coverage, and we paid into it from its inception. But people who never paid a cent or very little are covered and many of them for free.
FICA deductions always exceeded my fed income tax deduction. When ss was first levied, it was known as the widows and orphans tax and cost 2% of the first $3000 you earned. My grandmother died giving birth to her 8th child. My grandfather collected a benefit for each child until that child turned 18. A tidy sum to expand his ranch. And he had only paid $3 into the system.
My husband and I paid huge sums into the system for a combined 105 years. And medicare? It would have been over $800 a month for 2 of us and we would, of course, have to buy additional coverage since Medicare is such poor coverage, and we paid into it from its inception. But people who never paid a cent or very little are covered and many of them for free.