logoalt Hacker News

votepaunchyyesterday at 8:37 PM2 repliesview on HN

It’s 15.3% counting both sides, and capped. And it’s the only “tax” that is paid back, at progressive rates, because it’s a retirement annuity not an income tax.


Replies

bombcaryesterday at 8:53 PM

It’s an income tax wearing the trenchcoat of a retirement annuity- it’s not one for any practical purpose.