Quotes About FICA

The Social Security Act—the name of the ACT is FICA, the Federal Insurance Contributions Act. Well, it was sold to the public as an earned right. Work, you pay an insurance premium, but you are not paying an insurance premium at all. You're paying a tax, pure and simple. That's what Social Security is. It's a tax we pay so that people who are no longer able to work will be taken care of.

Last time I looked at a [pay]check, I said to myself, 'Who the hell is FICA? And when I meet him, I'm going to punch him in the face. Oh my God, FICA is killing me.'

The receptionist's salary, on the other hand, was taxed at almost twice that rate once FICA was included. From Buffett's perspective, the discrepancy was

And what about FICA taxes? FICA—Federal Insurance Contributions Act (or as Tiffany insists the letters really stand for, Fucking Idiots taking my Cash Assets)—seems to eat up more of my paychecks than anything.