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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (397442)7/9/2008 6:13:22 PM
From: i-node  Read Replies (1) of 1576039
 
Many of the "deductions" you're talking about are phased out at high income levels.

300K being high, certainly.

But all this is beside the point. When you talk about adding 5 or so percentage points to the flat FICA/Medicare tax, it is a huge drain on the economy because those taxes apply to the first dollar EVERYONE, even low-earners, make.
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