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Politics : PRESIDENT GEORGE W. BUSH
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To: Oeconomicus who wrote (504871)12/6/2003 4:53:06 PM
From: Raymond Duray  Read Replies (1) of 769670
 
Re: SS and Medicare payments are neither a tax nor regressive - they are payments toward benefits and the payments are proportional to the benefits. Pretty simple, really, Ray-man.

Readers who are honest with themselves know that all monies the Federal government collects are both fungible and properly classified as a "tax" in the broadest sense of the world.

Your lawyerly parsing of elements of sophistry, notwithstanding, the cap on the income which is liable for "payroll taxes" was indeed fashioned to create a regressive tax favoring the rich.

That is the net effect, and that is the truth. Your spin is well written, but in the final analysis, it is still merely spin.
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