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→The payroll tax: Ryan proposal
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There are four component parts that constitute payments to a workers public sector retirement fund, of which the payroll tax paid by workers furnishes only half. Employers are required to pay the other half based on a percentage of the workers gross wages (W-2 income). The employer's share of mandated payments, on behalf of the worker, is not seen in the worker's gross wages, yet the cost is very real. Other factors also weigh on employers ability to give raises, extend overtime, or create new jobs.
There are four component parts that constitute payments to a workers public sector retirement fund, of which the payroll tax paid by workers furnishes only half. Employers are required to pay the other half based on a percentage of the workers gross wages (W-2 income). The employer's share of mandated payments, on behalf of the worker, is not seen in the worker's gross wages, yet the cost is very real. Other factors also weigh on employers ability to give raises, extend overtime, or create new jobs.
Rep. [[Paul Ryan]], Chairman of the House Budget Committee in the 112th Congress, proposed in his ''Roadmap for America's Future'' a choice for all workers to be allowed to invest 2 percent of their first $10,000 of annual payroll tax into personal accounts. WQorkers would be allowed to select from a list of managed investment funds, approved by the government for soundness and safety, like those in the federal government’s Thrift Savings Plan.
===Medicare===
===Medicare===