Frogwatch wrote:


As a small businessman, I have to fund my own retirement system, why
cant everyone else? Stop whining that you dont have a pension, i dont
either and never expected one. If you dont put enough away for
retirement, its your own fault.. You have had the opportunity, if you
didnt do it, dont whine.

As a small businessman you are no doubt painfully aware of the 15.2%
levied as self employment tax. That's in addition to whatever other
income tax that you're responsible for.

Why is there a special tax on labor, when money that comes your way
through dividents, rents, royalties, & inheritance isn't? The
ostensible reason is that the payroll tax is partially a pension system,
and you'll eventually be paid back by the system. Social Security
reform as proposed by the Republicans is basically a plan to not pay you
back, in effect stealing your pension, and the pensions of every working
person in America.

And the reason to loot the pension system? Well, the same reason any
pension system is looted - greed.

///Walt