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plembo commented on the blog post Senate Passes Two-Month Extension for Payroll Tax Cut, Unemployment Benefits, Doc Fix
It took a little while, but even someone as dense as I am finally realized that this payroll tax cut was a really stupid, destructive idea. A decent amount of my salary is already excluded from withholding because of the “wage maximum”, so in a sense I’ve already been getting “tax cut” with every raise. Given the abysmal performance of my 401K over the last … decade, I would have gladly had more withheld in return for better benefits on retirement. But those who run the retirement racket monopoly from Wall Street wouldn’t ever allow that.
