Detailed text transcripts for TV channel - FOXNEWS - 20130104:00:25:00
12.4%. your employer pays half and you pay half. for a single earning $38,000 a year, you will pay 548. that's up $570 a year or $11 a week. if you earn 90,000 you will pay 20,000 over the year or 2400 more than last year. while f.i.c.a. taxes may anger you, all but the wealthiest people get their money back and more. the average worker pays about $345,000 a year -- excuse me over their life anymore f.i.c.a. taxes they will will get 417,000 back in benefits in retirement. >> a pretty large majority of people will see that drop in their net pay in their first paycheck and the others pay be in t...