double income households vs single income

FICA rates can stay stable for at least 25 years according to current Trustees Projections without any changes to benefits. At that point it might have to go up a percent or so, depending on whether the economy is growing at a reasonable rate or not. No competent projection suggests anything close to 25%.

sorry guy, read several well done papers with that estimates. i'm too good to rely on the trustees projections :0-)

no offense, but it's kind of relying on U3 for unemployment, i'm passed that.

notadmin: "read several well done papers with that estimates [25% FICA tax]."

Makes no sense unless you meant "well done" as in "cooked."

Even if you were referring to the combined employer and employee percentages, 25% is still very unlikely. Who's going to vote for an additional 5% tax on the poor and another 5% for their employers? They will likely just keep moving the SS wage limit up. They can also increase the retirement age for future retirees.

However, the federal income tax combined with FICA and local taxes does support your point about why bother with a second income when half goes to taxes.