lakeside7 Posted July 23, 2020 Report Share Posted July 23, 2020 Sounds like a good idea...or not https://mexiconewsdaily.com/news/amlo-introduces-major-pension-reform-business-leader-calls-it-historic/ Quote Link to comment Share on other sites More sharing options...
AlanMexicali Posted July 23, 2020 Report Share Posted July 23, 2020 1 hour ago, lakeside7 said: Sounds like a good idea...or not https://mexiconewsdaily.com/news/amlo-introduces-major-pension-reform-business-leader-calls-it-historic/ "President López Obrador presented a plan on Wednesday to reform Mexico’s pension system to avoid what he called a crisis in which current workers would not have a “dignified retirement.” Under the plan, which was to be sent immediately to the lower house of Congress, obligatory pension contributions will increase from 6.5% of a worker’s salary to 15% over a period of eight years. Employers’ share of the contribution will increase from 5.15% to 13.87%" "What is the maximum Social Security withholding for 2020? For 2020, the maximum limit on earnings forwithholding of Social Security (old-age, survivors, and disability insurance) tax is $137,700.00. The Social Security tax rate remains at 6.2 percent. The resultingmaximum Social Security tax for 2020 is $8,537.40. https://about.usps.com › info_002 2020 Social Security and Medicare Tax Withholding Rates and Limits" The US which is the richest country in the World charges 6.2 percent to employers and 6.2 percent to employees. [12.4 percent] Charging employers 13.87 percent and employees 15 percent in Mexico sounds like a wierd move. [28.87 percent] IMO Quote Link to comment Share on other sites More sharing options...
AngusMactavish Posted July 23, 2020 Report Share Posted July 23, 2020 Social Security withholding premium is for much more than an old age pension like AMLO's is, so the premiums can not be compared. Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted July 23, 2020 Report Share Posted July 23, 2020 Well, some have pointed out it is so costly it will drive more into the informal economy, which already makes up about half the economy in Mexico. Quote Link to comment Share on other sites More sharing options...
More Liana Posted July 23, 2020 Report Share Posted July 23, 2020 1 hour ago, Mainecoons said: Well, some have pointed out it is so costly it will drive more into the informal economy, which already makes up about half the economy in Mexico. The estimate is that 60% or more of the working-age population works in Mexico's "informal economy". Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted July 23, 2020 Author Report Share Posted July 23, 2020 oh dear who would want to be a politician, you are damned if you do and damned if you don't Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted July 23, 2020 Report Share Posted July 23, 2020 This among so many other illogical proposals and decisions are the reasons there have been so many public demonstrations against AMLO. Anyone know how his son & family living in the huge house with security guards in Texas with no job pays his bills? Not on dad's legal salary. Quote Link to comment Share on other sites More sharing options...
ibarra Posted July 23, 2020 Report Share Posted July 23, 2020 I thought we weren't supposed to discuss politics on this board. Quote Link to comment Share on other sites More sharing options...
Zeb Posted July 23, 2020 Report Share Posted July 23, 2020 I don't know what a stimus is. 1 1 Quote Link to comment Share on other sites More sharing options...
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