Claim: Mitt Romney gave a misleading answer to a question about Social Security during a feisty exchange with a heckler in Iowa. He said payroll taxes take 15.3 percent "out of your earnings," but only the self-employed pay that rate. All other workers pay half of that, with the other half being paid for by the employer. The Republican presidential candidate and former Massachusetts governor also said that the payroll tax rate would have to go up to 44 percent to pay for Social Security,
Fact-check: Romney's Run-in on Social Security - FactCheck.org
Verdict: mitt romney gave a misleading answer to a question about social security during a feisty exchange with a heckler in iowa. he said payroll taxes take 15.3 percent "out of your earnings," but only the self-employed pay that rate. all other workers pay half of that, with the other half being paid for by the employer. the republican presidential candidate and former massachusetts governor also said that the payroll tax rate would have to go up to 44 percent to pay for social security,
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2011-08-12T14:11:26