Social Security N/C

[SWMO]

So this one slipped right by me until I got notified by the SSI and the IRS this week to change my Social Security Tax ( the match for employers stays at 6.2%) from my employees checks to 4.2%. 

Didn't I just read where SS is broke this year?  What premise did the government use to lower the employee portion of the social security tax?

 

[hamburgman]

That was part of extending the Bush tax cuts deal.  The money that would go into SS is now coming out of the general budget to make up for the shortfall.  Also SS is not in as bad of shape as people make it sound.