SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wyätt Gwyön who wrote (24510)1/12/2005 7:07:14 PM
From: Les H  Read Replies (1) of 110194
 
Effective Federal Tax Rates for Households

taxpolicycenter.org;

They'll cap the private accounts at $ 1K per year so I think the middle class which pays 6-10K per year in FICA taxes will come out the biggest loser in the Bush plan. In exchange for receiving 10-20 percent of their taxes to invest, their benefits will be cut 30-50 percent. The wealthy manage to dodge the bullet (i.e., lifting the wage ceiling on payroll taxes) for another day.

The middle class are due to take another hit if Bush has his way with eliminating tax-deductible retirement plans in favor of nondeductible Roth 401Ks in his tax reform proposal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News