Limbaugh Explains Payroll Tax Increase And Smaller Paychecks

RUSH: Look, can I take a brief moment? I want to explain this to you. I’ve gotten in trouble… Well, not really trouble. It’s just people think I don’t know what I’m talking about every time I’ve explained this. The common way of understanding the Social Security or payroll tax is that your employer pays half and that you pay half. And your half is 6.2%, and the employer matches it at 6.2%. In reality, you are paying it all. (New Castrati impression)

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