Social Security: Your Taxes, Your Benefits, Some Alternatives
Sunday, October 01, 2000
by Dorman E. Cordell, NCPA Senior Scholar and Devon Herrick, NCPA Manger of Research
Whether you're a steelworker or a waitress, a bus driver or an accountant, a large part of your earnings goes to the Social Security payroll tax every pay period. If you work for somebody else, part of the tax IS withheld from your paycheck, and your employer pays an equal amount on your behalf. If you work for yourself, you pay both parts.