2007-06-27 15:32:34 · 5 answers · asked by TMarie 3 in Business & Finance ➔ Taxes ➔ United States
Thievery
2007-06-27 15:40:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
F(ederal) I(nsurance) C(ontributions A(ct) is a tax used to fund a social insurance program. Many people who did not pay FICA taxes receive benefits: nonworking spouses are entitled to receive Social Security benefits, widows and dependents are entitled to receive Social Security benefits. Contributions (FICA taxes)from high income workers go to subsidize low income workers' Social Security benefits.
2007-06-27 23:51:12 · answer #2 · answered by skipper 7 · 0⤊ 0⤋
Federal Insurance Contributions Act.
Also Insurance that I have to buy but will never collect on.
2007-06-27 23:10:38 · answer #3 · answered by smh60437 3 · 0⤊ 1⤋
A giant pyramid scam.
2007-06-27 22:44:30 · answer #4 · answered by chiefexec 2 · 0⤊ 0⤋
The last dollar in my retirement plans.
2007-06-27 22:57:32 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋