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Politics : Foreign Affairs Discussion Group
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To: geode00 who wrote (182757)3/2/2006 5:20:21 PM
From: michael97123  Read Replies (1) of 281500
 
Cap at 90K--superrich are ALL those who make over 90K. I dont think so. FICA tax is killing middle class as is. Raising the threshhold doesnt solve the problem On the first 90k of income 7% or so is taxed. Perhaps an exemption on the amount earned between 10k-20k--everyone should pay something. Tnen maybe another exemption for families where there are two earners or an exemption between 90k and 100k before it resumes again. Like with tom friedmans gas tax you guys are too quick to kill middle class and cause recession. 100k earner in NYC is middle class and a family with two 90k earners pays 7% flat tax on 180k before income tax even hits. Maybe make fica deductible on income tax in some way.
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